There is probably no comparison to the contentment when you grab your first job and get your first pay cheque. Over the next few years, your target is to settle down in your profession, earn a handsome salary and make investments to secure your future. When it comes to investments, most of us are confused about what investment method we should choose that will give us good returns at minimum risk. The volatility of the share market poses a risk to investing in stocks and mutual funds though they are popular money-making instruments accepted globally.
How SIP Calculator helps
If you are new to investments, the best option to choose is a SIP. SIP or Systematic Investment Plan follows a simple mechanism where you need to invest a small amount of money regularly and the same will be used to purchase units of multiple mutual funds and blue-chip stocks. The value of your investment will increase over time based on how the funds in your portfolio perform. It guarantees a good return in the long term as compared with FDs or other tools where you make a lump sum investment. A sip calculator helps you get a rough estimate of the return on investment you make through SIPs. Before investing you must use this tool to plan your budget and gauge your returns. It is a free tool and is easily accessible online. It is always advisable to do your research and use the sip calculator that will help you reach your financial goals. Some calculators also give you a comparison between popular equity funds in terms of returns. So, even if you are an amateur you are guided by the tool that brings results based on pure mathematical calculations.
Apps for useful insights and market updates
There are many ways to gain knowledge of different financial instruments available in the market. Popular Mo Investor apps provide ample knowledge on the ups and downs of the market, insights on stock performances, and much more. Some apps also provide a trading platform for retail investors where they can buy or sell stocks of their preference. Again, there are some great apps and websites that give you news and notifications on the overall market, industry trends, predictions on stock performance, etc. So, if you are really interested in making good money from the share market you must learn the tricks of the trade and invest carefully. The stock market might be a lucrative option to earn quick money, but it doesn’t come with any guarantee. Even the industry stalwarts can’t make accurate predictions about the fall and rise of the market. Therefore, even if you decide to take some risk make sure you start with a nominal amount instead of making a huge investment.
Be aware of fraudsters
Nevertheless, there are many threats and risks involved with investing in the share market. You must be aware of the possibilities and must not fall prey to the false commitments made by scammers. Good research and expert advice on stock market trends might help you find the best suitable investment schemes with good returns.
Santosh Kumar is a Professional SEO and Blogger, With the help of this blog he is trying to share top 10 lists, facts, entertainment news from India and all around the world.