How to become Rich with Share Market
Becoming wealthy through the stock market is achievable with strategy, discipline, and patience. However, it’s important to remember that investing in the stock market always carries risk, and no strategy can guarantee wealth. Here’s a structured approach to help you build wealth in the stock market:
1. Understand the Basics of the Stock Market
- Stocks represent ownership in a company, and the value of shares fluctuates based on company performance, investor sentiment, and market conditions.
- Dividends are periodic payouts that some companies give to their shareholders.
- Stock Price Appreciation occurs when the price of a share increases, allowing you to sell it for more than you paid.
- You can invest in individual stocks or funds like ETFs and mutual funds that pool various stocks into a single asset.
2. Start with Clear Financial Goals
- Define short-term and long-term goals