It is not an easy time to be an investor. Even though you may be spoilt for choice, there is a high degree of volatility across asset classes. This means that one has to be extra cautious while choosing investments. Whether you are opting for equity, fixed income, property or gold, the current environment will punish you for rash or untimely decisions. For those who have just started saving, taking the initial steps into the world of investing is even more daunting. It's the same for anyone exploring a new asset class. Often enough, initial investments are done without proper planning, homework or understanding one's requirements. Prasenjit Paul from Kolkata recalls his maiden steps in the stock market. "I started intra-day trading without adequate knowledge and suffered a huge loss by taking deliveries; the value of my portfolio reduced by 30-40%. I couldn't use the stop-loss arrangement and the losses kept increasing," says the 22-yearold. Paul learnt from his mistakes quickly and today runs a stock advisory firm.
Read more >>Click here
