How to Earn a Crore Starting Small in Stock Market?
Many people ask me this question. Now, my question back to you is How Small? Do you want to make a Crore from the stock market by investing just 5000 rupees? Well, It’s possible but than it will take almost half a century. Yes, 50 years. This is because The Compound interest will take a time to multiply your money in stock market.
It really depends on your knowledge of the stock market and various stock market investing strategies such as Call, Put, Options, Futures, Short Selling…etc.. Rakesh Jhunjhunwala started investing in the stock market with just Rs.5000 in 1985 when the Sensex was 200 only. And today he is a Forbes Billionaire means his net worth is well above Rs.5000 Crores (US $ 1 Billion).
He did this in 25 years. So you can also. But well, it won’t happen overnight. You will have to be in the constant touch in the market than and only you can do it in 25 years. Otherwise it will take more than half a century.
So What I advise you is that, Invest in your own Financial Knowledge. Read the books and articles about great investors of this world like Warren Buffet and learn their Investment strategy. I am not saying that you can not make a crore from the stock market with small amount.
I am just saying that it will require a huge Financial Knowledge to do that. So Start increasing your Financial IQ.