The best way to describe the stock market was by the guru of Warren Buffet, who changed the perspective of many people in his days through his books like Security Analysis and Intelligent Investor. His name is Benjamin Graham, he rightly said about the nature of markets-
In the short run, the market is a voting machine but in the long run, it is a weighing machine.
We all begin our journey in the stock market with the motive of earning extra money through our hard-earned money. Initially, we all looked for stocks and mutual funds which have given the highest returns in the past one year and those are the stocks which have the highest votes and are the most popular among the analysts. This is the voting machine nature of the stock market.
We want our newbies to know things which rise fast, fall fast too. Thus, we want you to have the approach of seeing the market as a weighing machine. This means looking for avenues which give decent returns for a long period of time and let the power of compounding do the magic. As an investor, time and patience will be your weapons. If used properly, you will be sitting with a heavy weight on weighing machine.
Now the first step to entering the market is to open your own D-Mat account. We at Globe Capital provide the service of opening a D-Mat account very easily. Please use this link.
With the current technology and advancement in the stock market in terms of variety of financial products, anybody with a small sum of money can start their journey. The market rewards everyone who is ready to learn from their mistake and make volatility their friend.
We hope you have a safe journey in the stock market and all your financial goals are fulfilled.