What are the proccess to invest in stockmarket Step By Step?And tips to Ivesting in Stock Market for Students?
I'll try to give some generic thoughts and tips to consider when making investment decisions. Comments are US centric...
1) Define your goals: What are you trying to achieve?
Defining your goals will inform the risks, timeline, and strategies you should consider. Moreover, most advanced investors will create an "Investment Policy Statement" or "IPS." This basically creates risk buckets which you may allocate to based on your goals and risk tolerance. A typical IPS will have "buckets" assigned to US Equities (Large Cap Stocks, Small Cap Stocks) Foreign Equities (Developed & Emerging Markets Stocks), Fixed Income (Bonds), Cash, etc. The percentage allocation may change, depending on goals etc. Work within your framework when making investment decisions.
2) Identify Platform/Solutions/Vehicles for Investment: Once you have identified a goal, begin research into what vehicles/options may be available to you. As an example if your goal was to save for school, you might consider opening a 529 Plan, which carries certain tax benefits, but may not be suitable for your timeline to pay for school.
3) Choose a Provider: Again, based on goals, try to find a provider who has the vehicles that fit your needs. Most brokers (Fidelity, Schwab, etc) offer commission free accounts (meaning no fees for trading), so they are fairly commoditized. I'd recommend searching for 529 Plans or Education Savings Plans and evaluate options based on your needs.
4) Make Investment: Be sure to align your investment to your goals. Importantly, if school is a near term goal- be risk conscious. While returns are great, you also want to preserve your school savings. Diversification (holding investment funds or different types of stocks/equities) is a great way to balance your investments.
Hope this helps! Please feel free to reach out to me if you'd like to discuss this further!