Save only 200 rupees every day and earn 3 crores, you can also become a millionaire this way
Everyone wants to make a lot of money and become a millionaire. But only a few people can do such a feat. However, financial experts say that it is not difficult to do so if it is planned at the perfect age. The stock market and mutual funds are places where one can become a crorepati for less money. If we look at the shares of TCS, Asian Paints and ITC, it has already happened. If one had invested only Rs 200 a day in shares of these companies 14 years ago, he would be the owner of Rs 3 crore today.
The domestic stock market is on the upswing. The Sensex stands at 50 thousand. Where the Nifty is touching new highs every day. Many stocks have reached record levels during this time of boom. That is why people are talking about the stock market again.
Experts say that if someone came to TCS’s IPO 15 years ago, it means he entered the stock market. The share price was Rs 900. While now it is 3220 rupees. The stock has returned 250 per cent. Shares of Asian Paints have returned 21,566 per cent of their IPOs so far. If someone had invested Rs 50,000 at that time, he would have got 4166 shares. Which would now cost Rs 1.08 crore.
Now the question arises whether this is possible in the future?
According to Escort Securities, the stock market continues to rise. However the new investor can start with some small capital in the market. Long-term investment in good stocks is always beneficial. Investing in equities is a good option.
You thoroughly investigate any work you do, even the smallest. If you also go to the market to buy vegetables, you do the full price. But now when you invest in the stock market at the behest of some acquaintances or brokers, you need to get information related to the stock market.
World-renowned investor Warren Buffett has always said that investing in stocks with long-term and excellent dividend records At the same time it is best to invest a small amount in stocks rather than a large investment at once. The risk is lower due to smaller investments. Regular investments reduce the average price at a time of decline and the losses are also limited.
Let me tell you, the number of such stocks in the stock market is very high. Prices range from Rs 50 to Rs 500. Many of which are stocks whose fundamentals are considered strong. According to market experts, investors can buy these stocks with a small amount every month.
Keep this in mind forever
Keep in mind that the amount to be invested should be such that your budget or savings do not affect anyone. Such investments are very long term. That is why it is necessary to do a little research for the selection of stocks. You can also take the advice of an expert. With a very small amount you can make a portfolio of many good stocks in a short time. If the growth in any of these stocks is from Infosys or Reliance Industries, then with the help of a small amount you can become a millionaire.