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What are the proccess to invest in stockmarket Step By Step?And tips to Ivesting in Stock Market for Students?

I am a student.I need to earn money for my higher studies so i think to invest in stock market #investment-management #marketing #finance #economics ..So i need suggestions from proffesionals

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Carmen’s Answer

Hi! I would recommend checking out the blog/website moneyunder30.com. They have a tons of tips and advice on how to invest in the stock market for beginners. For starters, you'll have to determine if you want to to have an investing account that is more automatic (like Robinhood) or something more complex like Fidelity. You can go to that site and learn everything you need to!
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David’s Answer

First you download a free trading app like WeBull. Go on Reddit, follow r/wallstreetbets. Ball out.
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Bob’s Answer

Hello... if you are investing for school I would recommend a 529 plan (or the equivalent in India):
https://thecollegeinvestor.com/19627/can-use-529-pay-college-overseas/
You can get a higher return in the market but you may lose a lot also. Good luck....
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David’s Answer

One of the best ways to invest is to open a retirement account(IRA). You have tax deferred growth.
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Michael’s Answer

Hi Anish-

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!
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