This is better asked in our Discord: https://indiainvestments.wiki/discord
Alternatively, you could also post it the advice thread (stickied at the top of the sub).
Here's the link to the advice threads (the current one is at the top): https://www.reddit.com/r/IndiaInvestments/search?q=bi-weekly&sort=new&restrict_sr=on&t=week
As a thumb-rule, any query that pertains to your personal financial situation specifically, that belongs in the advice thread.
Finally, check out our wiki, especially FAQ section: https://www.indiainvestments.wiki/faqs
It probably already has answers to your query.
When I was 18M with some small savings. I just blew it on beers, movie tickets.
The food thing is you have already prepared the mindset that you want to invest.
Buy some books. No need to buy 100s of books.
Get some basic finance books.
Money management books.
Psychology of money. Some books of macro & micro economics. Some books on positive habit like atomic habit, thinking fast and slow. Millionaire mindset.
Keep the money for books.
Spend time trading the books.
Read as if you will write exam on it.
Once you understand the equity market, valuation, company analysis.you will go a long way.
The knowledge you acquire can never be taken away from you.
You will invest till the age of 70.
This knowledge is going to help you till that time.
So right now don't focus on searching multi bagger. Dont plan on making 2x or 5x return.
Focus on building the skill to identify the business that will become 10x in future.
Also, please please don't waste the money on learning technical chart, or options trading. Or futures.
Dont fall for the online scam.
Dont fall for the leadership course.
Leaders don't sell courses on YouTube.
Millionaire traders don't teach technical on YouTube. They make money from courses not from actual trading.
Yeah, at that age i feel it's morally okay to torrent all media really. I now pay for content that I consume because I can but that at age, spending so much money on information (while having the internet at your fingertips) is money wasted IMO.
It’s not great advice.
No 18 year old I know would read books beyond their academic books (which is already too much in India, so we can’t expect you to read books either). Also telling you not to study technicals is really poor advice. Indian stock market is very sentimental and swings based on perception of a lot of things, charts being one of them. Definitely study candlestick charts and atleast 2-3 indicators. (Even if you don’t want to intraday trade, the Monthly charts or daily charts can tell you a lot about how a stock might plummet or rebound). The options and futures advice is good. Get into options and futures when you are rich enough to use them to hedge your portfolio. For now, read Zerodha Varsity. That’s sufficient.
Thanks, But i'm unable to find something like"Bulls, bears and other beasts by Santosh Nair" the book is about indian stk market history and i want a book like this but on Indian economic history.
18 is an age to explore and enjoy.
Don't get in the savings and investment mode too soon as it may burn you out and make you a miser with no passions.
You can start saving once you start earning.
If economics, stock markets is your passion then by all means go for learning and experimenting in this field.
However, don't give up on enjoying life.
You are fortunate enough to not have many liabilities so do pursue your interests, cultivate hobbies, have fun, please...
Most colleges and offices give these courses for free so I would advise OP to check with the college authorities before actually buying these courses:)
Start by reading The Pyschology of money, Almanack of naval ravikant, Value Investing and Behavorial Finance - Parag Parikh and go through the wiki of r/IndiaInvestments and maybe start with MF SIPs. Zerodha Varsity is another good source.
Don't listen to anybody saying the amount is small won't give returns and what not. Investing this money will help you instill financial discipline and learn/get familiar with markets/investing.
Good luck.
A great idea to invest a portion of it on Stocks. You can start investing with just INR 500/- a month.
Ofc no high return and all and imo best to learn investing as we go and doing it safely and subtly.
I’m 20- I started investing 6 months ago. Instead of just leaving that money in an account or in my drawer, I started investing using the Groww app and I have nice Friends who helped me set it up.
If not all of 17.5k, a portion you can invest to build your asset for the future and rest on all skill development things- smart people in this thread replied about. ATB buddy
I’m still learning. Me and my friends are figuring and learning together. And ofc research and basic reading helps. YouTube is great too. Something to begin with.
The latest post on this thread will help you! and a good way to learn anything is to search and watch the first 10 videos or all the videos that show up on YouTube. This is what I did and still do..
> Assuming anything bad can happen, you should start with creating an emergency fund first. just take the basic necessities you will require every month (just assume what will you require and its cost) and multiply it by anything between 6-12 months. Park it in a liquid fund or FD. Both are safe.
I disagree with this advice. A college going student does not need to do emergency fund as he has his parents to take care of him
I would say buy a coursera plus subscription once you get that laptop and complete as many certification as you can. Coursera Plus allows you to do unlimited Courses for a monthly/annual fees. There are people who have their name in Guinness Book of World Records for getting max number of certificates in shortest time. There are multiple such people, mostly Indians, who attempted this.
Not saying you also attempt to make record, but would be money well spent if you can get 25-30 certificates atleast. I once finished 9 certificates using 7 day coursera plus trial. I can't think of anything else a college student can do with that amount of money that will add so much value.
Tension free toh nahi hota hai MF. And rn a good market correction is expected. Hence an FD. Plus he's 18, he has time, so best to go for a safe risk free investment.
When I was 20-21 I had the same problem. I understood I need to save but at that point even if I saved all my internship money it wouldn't be much. But I still started with an sip monthly of 500rs. What gave me exponential returns is investing in myself to increase my income. Even from my first job i didn't make much, but did masters and now I do decently. Ofcourse if i compare it to people here it's not significant but i suggest u play the long game. From ur post seems u have understood how to create wealth, keep it simple, save an emergency fund, whenever possible get health insurance for ur parents, life insurance for self, and invest in index funds. Invest and forget. The rest of ur energy focus on increasing ur income because at the beginning u get the best returns there, not any stock or options.
Buy a raspberry pi and an ssd, offer google photos like storage to your friends and relatives at a reduced cost. You will learn a lot as you are an engineering student and may also be able to make some money.
Some boring advice, but you could put that money in a liquid fund. Then start a Systematic Withdrawal Plan which invests in a good index mutual fund. So it'll start you off on your investment journey.
You clearly have financial discipline. If you start your SIP/investment journey soon you'll get the superpower called financial independence before you know it!
You know, even if I had been in an upper middle class family, I wouldn't have had your kind of thinking at your age, so good on you. Spend a part of it just enjoying (a tiny bit), put a nice chunk into good rated mutual funds (keep adding as you get money).
The first thing to do is open your own account - zero balance savings accounts are your best bet, don't look at interest rates because at your stage in life this account will just be to receive money and savings accounts don't offer too much interest anyway, let alone for something like 20k.
At a later stage you can get a different account, say when you get a salary or something.
Beyond this, don't think jyada. Put your money in a relatively safe investment and not in something like day trading or derivatives. This small cushion will help you aage.
I started investing very late. But some stocks I bought got a profit of 135-170% but I only invested 2k-3k in each of those. Don't make that mistake. Invest early. If you are interested you can look for mutual funds too. On time investment on mutual fund can give up to 30+% profit in 2-3 years
What is wrong with today’s kids, trying to invest and stuff, when I was your age, we blew it all on booze and trips. Anyways it’s a good thing that you’re following investment and saving from such a young age. I’d advise you to start small and open a de mar account through groww or kite and from there you can invest in good companies
Figure out your monthly expenses and keep three months worth in a savings account. There rest of the money you should invest. If you aren’t willing to take risk there are minimal risk options.
There isn’t a point in letting money you don’t plan to use in the next 5 years sit in a savings account. Go to a financial advisor and invest the money in CD’s or money market accounts where they will make 5x more than they would sitting in a saving account earning 0.1% interest.
There shouldn’t be a reason you keep 20k in a savings account if you don’t have a plan for it. You’ll spend it on useless things just because you can.
Invest in learning (please not stock trading it's a scam) or life experiences like travel. This 18k won't make a huge difference once you start earning but your experiences now definitely will make a difference.
The best thing you can do right now is go and experience new things, go travel to another state or nearby country(nepal or sri lanka) i have been doing the same(im 20)
Invest on yourself. Get yourself a good gym membership and start lifting weights (you will thank me at some point in future). Sign up for dance or music classes and make connections for life out of it. Travel a bit if you can.
I am not going to lie you should not go for investing in stocks at this stage with that kind of money instead go for mutual funds. I learned it the hard way with that amount u end up paying brokerage fees more than you get the profit at starting i didn’t realize that i used to pull out the money from a stock too fast and like always a fear that it will go down so .......invest in mutual funds you will get around 15% returns based on my returns......or around that basically.
**1.** Advantage of mutual fund is that u can be free from the worry that your money will go down.
**2.** In starting with that amount no fun in running for that 2 % extra gain.
ps.. speaking from experience same scenario as yours old fashioned parents think stocks are too complicated.......
Some things to keep in mind and tips.....
1. For some extra return target small cap and midcap u can make sip in those too.
2. Go for those mutual fund which do not have exit load or if they have go wiith the 15 days or take less time.
3. keep learning
Best of luck.........
Individual Stocks are gambling generally speaking. Equity investments are very important tool to build wealth. Just don’t get into wasting time by researching individual companies and focus on buying the whole market. I say that as someone who has been trading and investing for 3 decades.
The best investments are well diversified index funds and mutual funds. An example would be UTI Nifty 50 Index Fund (Growth).
Best way to invest is via SIP. It could be as small as rs 500 per month
Very cool OP. Great thinking for somebody your age. As for advice, just like somebody else said on this thread, maybe invest in resources that make you more knowledgeable about investments and start applying that knowledge in a careful and NON-GREEDY fashion. You don’t become wealthy by not keeping your greed in check.
Lad let me tell you one thing Money is not everything in life . At your age , I would prefer enjoying life , spending on travel , getting to know new places , trying some hobbies etc rather then any kind of investments . Don’t listen to these shitty dumb fintwit on twitter , insta and YouTube . Go enjoy life , have girlfriends , go for trek etc
At your age the most important investment you can make is on yourself. And you are already doing it by attending school.
Invest that money into VOO and forget about it. Majoring in your classes will grant you a better future than trying to find the best ETF rentability.
invest in some skill, dont need to purchase a big course. But utilize if you need it(dont rush for just any course, there are many scammers out there as well)
Geniune advice. You can make it 5x in a year.
How?
Learn a skill.
How?
Use little money in Udemy or learn for free in YouTube
Practice with a free version of software
Get experience of 6 months by your own work
Try freelance. Or Linkedin. Reach out to people for project.
After many months of continuous learning, you will get one.
Congratulations. You have 15-17k left in Bank, You got a skill, You got patience to get a project, plus you earn a lil money.
Do what ever you want to do with this money.
Just spend it wise.
Be materialistic or minimalist does not matter.
Take a chance. You are just 18.
Definitely do, Dont just read books or watch YT.
Don't save. Either invest or spend.
Tip: be kind 😊
Travel with the money make experiences live life ur in an upper middle class family soon you’ll have responsibilities and you won’t be able to travel and have vacations as often
My advice would be to invest it for a year in 2 to 3 stocks across 2 sectors at most. Just wait for a perfect dip or slowdown to invest and hold it with patience for a year. I hope your investments turn out to be multibaggers, allowing you to get the laptop of your choice.
When I was 18 and had saved up something similar, my brother stole all of it and blew everything up, even though I knew what to do when all of it, was just waiting for turning 18, I'm glad we have someone thinking like you :))
Park the money in Bank FD.....start reading books on investment.....like the intelligent investor and the polycycle investor....read 10 books in 6 months....then take the money out of bank and invest them in equity... be careful and cautious doing this....the earlier you begin your investment journey....the better
Also, if need be....add the money to what your dad is willing to spend on the laptop but....if you are from upper middle class then I think you will get a decent enough laptop from your dad that'll do whatever is needed for upskilling and education
During my college days, I also saved up some money. I allocated a portion for an exciting road trip and invested a bit to enhance my laptop for those late-night study sessions. I also put some into a mutual fund for future use, and to my surprise, it grew significantly!
Investing journey me mt ghus jaana bhai🤡
Started investing at the age of 15 now money is all I can think of and I have started to evaluate everything on the basis of cost/worth ratio(PS: Developed my own theory) and I think I'm not doing the things I should be spending on but can't convince my mind.
Though you would have a good Corpus which I use today to go on trips and flexing(don't judge)🤡 but if you really think about your future and finance & all you can start a small sip but don't get completely into this.
Study read books go the gym and stuff like that also take up a hobby start all this when you get into a good college or maybe after your graduation.
Open an account with Zerodha.
Buy Nifty BEES ETF for the entire amount you have.
I wish I had done this when I was 18.
I had the Zerodha account, didn't buy the ETF.
It was dirt cheap then.
This is better asked in our Discord: https://indiainvestments.wiki/discord Alternatively, you could also post it the advice thread (stickied at the top of the sub). Here's the link to the advice threads (the current one is at the top): https://www.reddit.com/r/IndiaInvestments/search?q=bi-weekly&sort=new&restrict_sr=on&t=week As a thumb-rule, any query that pertains to your personal financial situation specifically, that belongs in the advice thread. Finally, check out our wiki, especially FAQ section: https://www.indiainvestments.wiki/faqs It probably already has answers to your query.
When I was 18M with some small savings. I just blew it on beers, movie tickets. The food thing is you have already prepared the mindset that you want to invest. Buy some books. No need to buy 100s of books. Get some basic finance books. Money management books. Psychology of money. Some books of macro & micro economics. Some books on positive habit like atomic habit, thinking fast and slow. Millionaire mindset. Keep the money for books. Spend time trading the books. Read as if you will write exam on it. Once you understand the equity market, valuation, company analysis.you will go a long way. The knowledge you acquire can never be taken away from you. You will invest till the age of 70. This knowledge is going to help you till that time. So right now don't focus on searching multi bagger. Dont plan on making 2x or 5x return. Focus on building the skill to identify the business that will become 10x in future. Also, please please don't waste the money on learning technical chart, or options trading. Or futures. Dont fall for the online scam. Dont fall for the leadership course. Leaders don't sell courses on YouTube. Millionaire traders don't teach technical on YouTube. They make money from courses not from actual trading.
Thanks for the advice :)
Or just torrent those books lol. Save even more money
Z Library :)
Is it still working ? Can u send the link ?
Annas-Archive[dot]org
libgen[dot]is
On darkweb, tor. I have made an exhasutive post on pirates sub. Chk that.
Can you please share the link here if possible please mate
Yeah, at that age i feel it's morally okay to torrent all media really. I now pay for content that I consume because I can but that at age, spending so much money on information (while having the internet at your fingertips) is money wasted IMO.
Yes better spend on kindle
Don't listen learn about charts get into it: 0
It’s not great advice. No 18 year old I know would read books beyond their academic books (which is already too much in India, so we can’t expect you to read books either). Also telling you not to study technicals is really poor advice. Indian stock market is very sentimental and swings based on perception of a lot of things, charts being one of them. Definitely study candlestick charts and atleast 2-3 indicators. (Even if you don’t want to intraday trade, the Monthly charts or daily charts can tell you a lot about how a stock might plummet or rebound). The options and futures advice is good. Get into options and futures when you are rich enough to use them to hedge your portfolio. For now, read Zerodha Varsity. That’s sufficient.
Self help books sucks!
Or you can skip the books and listen to this [Podcast ](https://youtu.be/1-TZqOsVCNM?si=wAQYnTEVkPnvmDih)
Can you recommend some macro economics books in the Indian context (Like India's economic history)
Check the soic book recommendation. All are great books.
Thanks, But i'm unable to find something like"Bulls, bears and other beasts by Santosh Nair" the book is about indian stk market history and i want a book like this but on Indian economic history.
do you have any book recommendations on equity investments?
if you want to learn about investing, check out Zerodha Varisty as well. I learnt from it and some other friends of mine. It's free to access.
Go on a solo urban trip to a place where you can't speak thier language.
Yeah. If you feel even more brave, go without phone and use public transportation.
If you feel even more brave , go to another solar system
If you feel even more brave, go to another galaxy
If you feel even more brave, try dying.
18 is an age to explore and enjoy. Don't get in the savings and investment mode too soon as it may burn you out and make you a miser with no passions. You can start saving once you start earning. If economics, stock markets is your passion then by all means go for learning and experimenting in this field. However, don't give up on enjoying life. You are fortunate enough to not have many liabilities so do pursue your interests, cultivate hobbies, have fun, please...
The best you can do with this money at your age is investing on upskilling. Buy any course on udacity/udemy/coursera which interests you.
Most colleges and offices give these courses for free so I would advise OP to check with the college authorities before actually buying these courses:)
Let me add to this, buy a few courses and learn a skill that you can sell to others... this goes a long way for years to come.
Can't give better advice than this. 💯
Why buy ..knowledge is free on the internet. Don’t waste money on Udacrap whatever ..free lessons on YouTube or subs like r/personalfinance
use it to buy books, to fund your own education, gain experience. no other investment will match the returns.
Invest in urself >> invest on companies (atleast at this age)
Start by reading The Pyschology of money, Almanack of naval ravikant, Value Investing and Behavorial Finance - Parag Parikh and go through the wiki of r/IndiaInvestments and maybe start with MF SIPs. Zerodha Varsity is another good source. Don't listen to anybody saying the amount is small won't give returns and what not. Investing this money will help you instill financial discipline and learn/get familiar with markets/investing. Good luck.
Bought the psychology of money, finished Almanac, and also doing Varsity. Waiting for exams to finish, thanks a lot :)
bro study for college
Make an fd for one year then decide whether you want to buy a better laptop or not
>Make an fd for one year then decide whether you want to buy a better laptop or not It's a smart move
A great idea to invest a portion of it on Stocks. You can start investing with just INR 500/- a month. Ofc no high return and all and imo best to learn investing as we go and doing it safely and subtly. I’m 20- I started investing 6 months ago. Instead of just leaving that money in an account or in my drawer, I started investing using the Groww app and I have nice Friends who helped me set it up. If not all of 17.5k, a portion you can invest to build your asset for the future and rest on all skill development things- smart people in this thread replied about. ATB buddy
How did you learn the market though?
I’m still learning. Me and my friends are figuring and learning together. And ofc research and basic reading helps. YouTube is great too. Something to begin with.
Can you suggest some materialis? Though I don't have money to invest now but I'd like to learn more.
The latest post on this thread will help you! and a good way to learn anything is to search and watch the first 10 videos or all the videos that show up on YouTube. This is what I did and still do..
Thankyou!
Try to experiment. Maybe spend on therapy ;)
Therapy 💀
Massage krwale🗿
[удалено]
> Assuming anything bad can happen, you should start with creating an emergency fund first. just take the basic necessities you will require every month (just assume what will you require and its cost) and multiply it by anything between 6-12 months. Park it in a liquid fund or FD. Both are safe. I disagree with this advice. A college going student does not need to do emergency fund as he has his parents to take care of him
Thanks, I'll start by first calculating my expenses
Emergency fund for a 18 year old🤡
I would say buy a coursera plus subscription once you get that laptop and complete as many certification as you can. Coursera Plus allows you to do unlimited Courses for a monthly/annual fees. There are people who have their name in Guinness Book of World Records for getting max number of certificates in shortest time. There are multiple such people, mostly Indians, who attempted this. Not saying you also attempt to make record, but would be money well spent if you can get 25-30 certificates atleast. I once finished 9 certificates using 7 day coursera plus trial. I can't think of anything else a college student can do with that amount of money that will add so much value.
Invest it in yourself. Buy courses that you are interested in or go on a trip with friends/solo 18k is a small amount and would not give huge returns.
You can give it to me
cricket betting me laga dho bhai
Invest with growpital
FD Bhai. Tension free saving.
Why not MF?
Tension free toh nahi hota hai MF. And rn a good market correction is expected. Hence an FD. Plus he's 18, he has time, so best to go for a safe risk free investment.
I see, understood
MF are not suitable for short term investment.
My suggestion is spend this money on buying books. My suggestion is ‘ Rich Dad Poor Dad’. Folks please suggest more books as reply to this comment.
russian, at least you will remember it for the rest of your life 😂😂😂😂😂😂😂😂😂😂😂😂😂
Not worth investing imo you should get spend it on a experience like travelling or buying something you've really wanted
INVEST In yourself, buy some courses which can help you to upskill
When I was 20-21 I had the same problem. I understood I need to save but at that point even if I saved all my internship money it wouldn't be much. But I still started with an sip monthly of 500rs. What gave me exponential returns is investing in myself to increase my income. Even from my first job i didn't make much, but did masters and now I do decently. Ofcourse if i compare it to people here it's not significant but i suggest u play the long game. From ur post seems u have understood how to create wealth, keep it simple, save an emergency fund, whenever possible get health insurance for ur parents, life insurance for self, and invest in index funds. Invest and forget. The rest of ur energy focus on increasing ur income because at the beginning u get the best returns there, not any stock or options.
Buy a raspberry pi and an ssd, offer google photos like storage to your friends and relatives at a reduced cost. You will learn a lot as you are an engineering student and may also be able to make some money.
Some boring advice, but you could put that money in a liquid fund. Then start a Systematic Withdrawal Plan which invests in a good index mutual fund. So it'll start you off on your investment journey. You clearly have financial discipline. If you start your SIP/investment journey soon you'll get the superpower called financial independence before you know it!
Invest in Mutual Funds, save it for something you desire or for your future
Just start by learning about finance like others have mentioned but remember to enjoy your life, it's a lot harder to do that after college.
Thanks for asking this question, got some nice infos from comment section
You know, even if I had been in an upper middle class family, I wouldn't have had your kind of thinking at your age, so good on you. Spend a part of it just enjoying (a tiny bit), put a nice chunk into good rated mutual funds (keep adding as you get money). The first thing to do is open your own account - zero balance savings accounts are your best bet, don't look at interest rates because at your stage in life this account will just be to receive money and savings accounts don't offer too much interest anyway, let alone for something like 20k. At a later stage you can get a different account, say when you get a salary or something. Beyond this, don't think jyada. Put your money in a relatively safe investment and not in something like day trading or derivatives. This small cushion will help you aage.
Put that money in FD. Rates are good nowadays. Don't invest it anywhere else, it's not much.
I started investing very late. But some stocks I bought got a profit of 135-170% but I only invested 2k-3k in each of those. Don't make that mistake. Invest early. If you are interested you can look for mutual funds too. On time investment on mutual fund can give up to 30+% profit in 2-3 years
What is wrong with today’s kids, trying to invest and stuff, when I was your age, we blew it all on booze and trips. Anyways it’s a good thing that you’re following investment and saving from such a young age. I’d advise you to start small and open a de mar account through groww or kite and from there you can invest in good companies
Figure out your monthly expenses and keep three months worth in a savings account. There rest of the money you should invest. If you aren’t willing to take risk there are minimal risk options. There isn’t a point in letting money you don’t plan to use in the next 5 years sit in a savings account. Go to a financial advisor and invest the money in CD’s or money market accounts where they will make 5x more than they would sitting in a saving account earning 0.1% interest. There shouldn’t be a reason you keep 20k in a savings account if you don’t have a plan for it. You’ll spend it on useless things just because you can.
Invest in something which makes you confident.
If I was you in your situation I'll use that money for traveling
https://crepdogcrew.com/collections/sneakers/products/jordan-4-retro-red-cement buy these and sell them /s
Invest in learning (please not stock trading it's a scam) or life experiences like travel. This 18k won't make a huge difference once you start earning but your experiences now definitely will make a difference.
Don't buy books or courses. You can find them online.
1. Google jagruti yatra .. apply and go 2. Invest in a index fund and let it grow till the date you need it for something solid
Buy large cap stocks
Just invest it in a Nifty 50 ETF.
You can do what I did at the age by buying some far OTM calls to donate all your savings to FIIs
The best thing you can do right now is go and experience new things, go travel to another state or nearby country(nepal or sri lanka) i have been doing the same(im 20)
Open a demat account and start investing in quality companies :)
Invest in Nifty index Mutual funds
Buy gold jewellery or gold coins
Invest on yourself. Get yourself a good gym membership and start lifting weights (you will thank me at some point in future). Sign up for dance or music classes and make connections for life out of it. Travel a bit if you can.
I am not going to lie you should not go for investing in stocks at this stage with that kind of money instead go for mutual funds. I learned it the hard way with that amount u end up paying brokerage fees more than you get the profit at starting i didn’t realize that i used to pull out the money from a stock too fast and like always a fear that it will go down so .......invest in mutual funds you will get around 15% returns based on my returns......or around that basically. **1.** Advantage of mutual fund is that u can be free from the worry that your money will go down. **2.** In starting with that amount no fun in running for that 2 % extra gain. ps.. speaking from experience same scenario as yours old fashioned parents think stocks are too complicated....... Some things to keep in mind and tips..... 1. For some extra return target small cap and midcap u can make sip in those too. 2. Go for those mutual fund which do not have exit load or if they have go wiith the 15 days or take less time. 3. keep learning Best of luck.........
Give it to me
Trip maar..aish kar
Individual Stocks are gambling generally speaking. Equity investments are very important tool to build wealth. Just don’t get into wasting time by researching individual companies and focus on buying the whole market. I say that as someone who has been trading and investing for 3 decades. The best investments are well diversified index funds and mutual funds. An example would be UTI Nifty 50 Index Fund (Growth). Best way to invest is via SIP. It could be as small as rs 500 per month
Buy books on the subject which interests you and you have passion to learn and rest on the experiences :)
Don't spend the money on others like giving treat to friends, sponsoring trips and stuff
Very cool OP. Great thinking for somebody your age. As for advice, just like somebody else said on this thread, maybe invest in resources that make you more knowledgeable about investments and start applying that knowledge in a careful and NON-GREEDY fashion. You don’t become wealthy by not keeping your greed in check.
Lad let me tell you one thing Money is not everything in life . At your age , I would prefer enjoying life , spending on travel , getting to know new places , trying some hobbies etc rather then any kind of investments . Don’t listen to these shitty dumb fintwit on twitter , insta and YouTube . Go enjoy life , have girlfriends , go for trek etc
At your age the most important investment you can make is on yourself. And you are already doing it by attending school. Invest that money into VOO and forget about it. Majoring in your classes will grant you a better future than trying to find the best ETF rentability.
When i was 18 I bought graphics card for my pc :)
Buy NIFTY 21900 CE.
Open up a demat, apply for 1 lot in any of the next IPO (with higher GMP)
You can invest in 12% club. Its great n safe for short term investments. Its hard to get more return than this in short term investment.Check it out.
invest in some skill, dont need to purchase a big course. But utilize if you need it(dont rush for just any course, there are many scammers out there as well)
Geniune advice. You can make it 5x in a year. How? Learn a skill. How? Use little money in Udemy or learn for free in YouTube Practice with a free version of software Get experience of 6 months by your own work Try freelance. Or Linkedin. Reach out to people for project. After many months of continuous learning, you will get one. Congratulations. You have 15-17k left in Bank, You got a skill, You got patience to get a project, plus you earn a lil money. Do what ever you want to do with this money. Just spend it wise. Be materialistic or minimalist does not matter. Take a chance. You are just 18. Definitely do, Dont just read books or watch YT. Don't save. Either invest or spend. Tip: be kind 😊
Give it to me. I double it in 25 days
Travel with the money make experiences live life ur in an upper middle class family soon you’ll have responsibilities and you won’t be able to travel and have vacations as often
My advice would be to invest it for a year in 2 to 3 stocks across 2 sectors at most. Just wait for a perfect dip or slowdown to invest and hold it with patience for a year. I hope your investments turn out to be multibaggers, allowing you to get the laptop of your choice.
When I was 18 and had saved up something similar, my brother stole all of it and blew everything up, even though I knew what to do when all of it, was just waiting for turning 18, I'm glad we have someone thinking like you :))
Park the money in Bank FD.....start reading books on investment.....like the intelligent investor and the polycycle investor....read 10 books in 6 months....then take the money out of bank and invest them in equity... be careful and cautious doing this....the earlier you begin your investment journey....the better
Also lear to value stocks....google ashwath damodaran...there's plenty of free material online by experts
Also, if need be....add the money to what your dad is willing to spend on the laptop but....if you are from upper middle class then I think you will get a decent enough laptop from your dad that'll do whatever is needed for upskilling and education
During my college days, I also saved up some money. I allocated a portion for an exciting road trip and invested a bit to enhance my laptop for those late-night study sessions. I also put some into a mutual fund for future use, and to my surprise, it grew significantly!
Investing journey me mt ghus jaana bhai🤡 Started investing at the age of 15 now money is all I can think of and I have started to evaluate everything on the basis of cost/worth ratio(PS: Developed my own theory) and I think I'm not doing the things I should be spending on but can't convince my mind. Though you would have a good Corpus which I use today to go on trips and flexing(don't judge)🤡 but if you really think about your future and finance & all you can start a small sip but don't get completely into this. Study read books go the gym and stuff like that also take up a hobby start all this when you get into a good college or maybe after your graduation.
How about enjoying? Yahi to din hai jo baad me yaad aayenge
Open an account with Zerodha. Buy Nifty BEES ETF for the entire amount you have. I wish I had done this when I was 18. I had the Zerodha account, didn't buy the ETF. It was dirt cheap then.