I wanted to know what are some steps I can take as a beginner to start investing, and what are some resources I can use to educate myself on investing?
Hi Pratiksha, these are some of the books that you can read:
Common Sense On Mutual Funds by John C. Bogle
Mutual Funds For Dummies by Eric Tyson
Bogle On Mutual Funds by John C. Bogle
Indian Mutual Funds Handbook by Sundar Sankaran
Mutual Funds: Ladder To Wealth Creation by Vivek K. Negi
How To Make A Fortune Through Mutual Funds by Ashu Dutt
The Mutual Funds Book by Alan Northcott
The Mutual Fund Industry by R. Glenn Hubbard
A Guide To Indian Mutual Fund Investments by Dr. Susanta Kumar Mishra
Beating The Street By Peter Lynch
Hi Pratiksha,
As a beginner before you start your journey you need to clearly map out what you are investing for. For example, you are 25 years old and want to buy a car by the time you are 30 years old. So you know, your goal is to buy a car and your time horizon is 5 years. You should also decide the amount roughly you need to buy the car. Now that you have the goal, amount and time period you should work backwards and decide what instruments you want to invest in.
There are multiple resources that you can use to decide this. @khushboo - has suggested some very interesting books. In addition to these there are multiple videos on YouTube that help you understand different investment assets and how you can start investing in them. Tip: Mutual Funds are always the best way to start your journey as per me! Hope this answer helped.
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