It’s scary to start Investing, I remember the day i started with a few thousand bucks, It felt like I am about to jump of the cliff. As soon as I bought the First Stock, i couldn’t stop staring at its price ticker for the next few days, constantly praying that it doesn’t fall and hoping that it rises miraculously, neither of that happened as the stock traded sideways for the next few days.
But for all this to begin, you need to have a Trading & Demat account. It is important to choose it carefully, because the brokerage and maintenance charges will eat into your profits. So let’s discuss the options available with you
3 in 1 Accounts
A combination of Savings, Trading & Demat Account offered by banks
These are internet only brokers which mostly have negligible or no physical presence
Apart from these, there are those traditional brokers who neither provide the convenience of 3 in 1 accounts nor the affordability of Discount brokers. As such, they are not worth considering at all. Thus, you choice should be limited between the two categories mentioned above.
If you are starting your investment journey, you can instantly open a ZERODHA account HERE !
*Disclosure - The link to Zerodha is an affiliate link, and i will earn a commision if you open the account through this link, although you won’t be charged anything extra. I only recommended what i find useful, and I trade through Zerodha
*Disclosure - Report meant for educational purposes only, nothing in this report is meant to be perceived as investment advice