How to start INVESTING? | Q/A with 18-year-old @RisewithRaj1

Summary

In this podcast, Vizag Agrawal interviews 18-year-old equity investor, Kover Raj, who began his stock market journey at 14. Kover shares insights on how beginners can start investing, emphasizing the importance of consistency, discipline, and learning. He discusses the benefits of early investment, compound interest, and the unlimited potential in the market. Kover also recommends free resources for new investors, like YouTube tutorials and materials from financial websites, to build knowledge and develop a consistent, repeatable strategy for success.

Takeaways

• 😀 The guest, Kover Raj, is an 18-year-old equity investor who started his stock market journey at the age of 14.
• 🌟 Kover was inspired to start investing early because he realized there are no limits in the market if you consistently work on improving your knowledge.
• 💡 The importance of starting early in the market is emphasized due to the power of compounding interest and the advantage of having more time to learn and grow.
• 📚 Kover suggests that beginners can utilize free resources like podcasts and videos available online to learn about the stock market and investing.
• 🚫 He warns against arrogance and advises that mistakes in the market should be accepted as learning opportunities rather than trying to 'get back' at the market.
• 🔄 Consistency is key in investing, and Kover stresses the importance of having a repeatable and scalable strategy that can yield consistent results over time.
• 📉 Kover shares that setting rules for trading, such as stop-loss limits and which types of stocks to avoid, is crucial for managing risk and ensuring discipline in trading.
• 💼 He explains the concept of SIP (Systematic Investment Plan) and how investing a small amount consistently over a long period can lead to significant wealth creation.
• 📈 The power of compounding is highlighted, showing how even small investments can grow substantially over time with consistent returns.
• 💰 Kover advises that investors should focus on value and not just price when investing, and to avoid businesses that are not profitable or have inconsistent growth.

Q & A

What inspired Kover Raj to start his stock market journey at a young age?

Kover Raj was inspired by the limitless potential in the stock market, where he realized that with consistent effort and improvement in knowledge, the sky is the limit.

How does Kover Raj define a successful investment strategy?

A successful investment strategy, according to Kover Raj, is one that is repeatable, scalable, and consistently provides returns over time.

What does Kover Raj suggest for beginners who are interested in starting their investment journey?

Kover Raj suggests that beginners should start with a small amount and focus on learning and growing their knowledge over time.

What role does time play in compounding returns for investments, as explained by Kover Raj?

Kover Raj emphasizes that the earlier one starts investing, the more significant the compounding effect over time, which can lead to substantial wealth creation.

How does Kover Raj feel about the availability of resources for learning about investments today compared to the past?

Kover Raj believes that the current era offers abundant resources for learning about investments, such as podcasts and online materials, which were not as accessible in the past.

What advice does Kover Raj give regarding the consistency and discipline needed for successful investing?

Kover Raj advises that investors should have a consistent strategy and follow a set of rules to avoid losses and ensure disciplined investing.

What are the 'Do's and Don'ts' that Kover Raj has learned in his investment journey that he would like to share?

Kover Raj's 'Do's include having a repeatable and scalable strategy, following a set of rules, and avoiding arrogance and revenge trading. His 'Don'ts' involve not entering into bad businesses and focusing on value rather than just price.

How does Kover Raj view the role of systematic investment plans (SIPs) in wealth creation?

Kover Raj views SIPs as a simple and effective way for wealth creation, especially for those who may not have the time or knowledge to manage their investments actively.

What is Kover Raj's perspective on the importance of compounding in investments?

Kover Raj highlights the power of compounding, explaining that as time increases, so does the benefit of compounding, which can exponentially grow wealth over the long term.

What is the key takeaway from the podcast that Kover Raj wants investors to remember?

The key takeaway from the podcast is the importance of starting early, being consistent, and focusing on value investing to build wealth over time.