How to Start Investing in Stock Market in 2021 | How to Learn Investing and Personal Finance - YouTube

Hey! Everyone I am Ishan Sharma

and in this video we will be talking about the best resources

that you can use to learn about investing

Investing is a topic that a lot of people confused about

a lot of people go into investing into meme stocks

or just some random stuff that seems to be giving crazy returns

and so I want you to make educated decisions

right, that’s what I want you to do and so I'll be talking about the best resources

that I have been using and they have helped me out a ton

I hope you will get to learn something from this video

hit the like button and subscribe to this channel

First thing that we will be talking about are going to be books

books are not going to be free for you but if you buy a book

and implement what they are saying it is going to be effectively free

because hey you learnt something and now you are trying to implement it in your own career

in your own investing ah mindset so that will reap you more rewards

it is effectively going to be free

that being said let's talk about the first book that I want you to read

and that would be 'Psychology of money'

Psychology of money is an amazing book by Morgan Housel

it does an excellent job at explaining exactly how should you be thinking about money

in general or wealth in general

it talks about a lot of different cases

a lot of different people from around the complete last One century

right from 1930s all the way to right now in 2021

and it gives you a perspective that how people think about money

how do they think about making money through the stock market

and how has it helped them, how has it played against them

you will get a complete idea about all of these things

it has some excellent examples about compounding

about taking risk in the stock market, the problems with risk the rewards with risk

it will also be talking about trading

So, this is basically what I want you to read it's an excellent book

I would highly recommend you to go pick that book up

The next book that I want to talk about is going to be 'One Up On Wall Street' by Peter Lynch

Peter Lynch is actually a fund manager

who used to manage the Magellan fund from fidelity in the US

and that fund gave a crazy 30% returns every single year

and he was great at picking stocks that are going to do well in the future

they have value in them so that is what he shares in the complete book

he talks about the investing mindset that every other person should have

he also talks about the different kinds of stocks available

and how should you be thinking of choosing them

I think it's an excellent read go pick that books up it's not too big

it's just like around 3 or 4 hours if you listen to it on audiobook

highly recommended he talks about the differnt mistakes people make as a beginner investor

this book was published in 1990s I would say

but still 30 years down the lane the principle that he talks about are timeless

and I think you should totally take a look at that book.

Moving on to the third book that I would want you to look at is going to be

the 'Dhandho Investor' by Mohnish Pabrai.

Mohnish Pabrai talks about the dhandho mindset which basically means putting bets

in which if you lose you don't lose much and if you win, you win Big

he talks about the complete idea of value investing

exactly what Warren Buffet teaches

and I think that's an amazing book if you want to understand about how to pick these companies

how to pick these stocks that will do well in the long-term,

they might be undervalued at this point, so how do you find that value,

how do you find that margin of safety, how do you find your comparative advantages of these companies

and then you should try to invest in them.

Moving on the fourth book, just a little mention is going to be

'The Little Book of Common Sense Investing'

I think that is what you call it by John C. Bogle.

Now John C. Bogle takes a different approach he talks about the idea of passive investing

into Index funds right. He founded the company called the 'Vanguard Fund'

and vanguard fund is basically the biggest company that has Index funds

that people can invest into and basically talks

about why is it a good idea to invest in Index funds

So, these were the 4 books that I would advise you to look at

Moving on let's talk about how do you invest

a lot of might be thinking about what app should you be using

and how can you get started with investing

and that's where you can use the 'Groww App'

Groww is a 0 commission online investment platform

that you can use that is being used by over 10M+ users over 5K Mutual Funds

that you can select from over 40+ AMCs,

you can pay using UPI or debit card or you can also do NEFT

and this is a platform that I personally have been using from the September of 2020

and I think the UI is really good

you can properly see exactly what mutual funds are doing great

and you can compare them as well, all the transactions that you do on Groww app will be 128bit SSL encrypted

and so you can be assured of safety and security for whatever you are investing.

You can open a free Groww account by simplyputting in your

1)PAN card 2)your photo 3)your bank details 4)your address proof as well as the KYC

and you'll be good to go

and you can start investing using the Groww app.

Now just to give you an example of how the Groww app actually works

let's take a case of 'Nippon India' small cap fund

you can see the past performance that this particular fund has given

you can also look at how this is performing versus the other funds

in this particular category

you can also look at the asset under management, the expense ratio the exit load, the Pros and Cons, the fund managers

and all of these things are available at just one place for you to choose from

you can also do an SIP or you can do a lump-sum.

Groww has made it very easy for you to start investing into mutual funds

and I think that is a great platform that you can start investing for free

okay, so check the link in description to get started.

That being said, let's go on to the next part

and talk about the YouTube channels that I have been following a lot

to learn about investing in the last 1 or 2 years

the whole finance niche the personal finance and investing niche in YouTube has blown up like crazy

the people that I look up to the most are first of all Graham Stephen,

he is situated in the US and he talks about passive investing

and just the everyday news that goes on in the finance niche

and how is it going to effect the average investor

and then I also look up to Rachna Ranade she has an amazing YouTube channel

in which the videos she makes are very simple for you to understand

and she does an excellent job of explaining everything in detail

so that you can become a better investor.

Another youtuber that you can also look up to is going to be Pranjal Kamra

he does an excellent job of explaining everything in detail just like Rachna Ranade

and the best part about his videos that I find it to be really energetic

and does an excellent job of explaining everything in proper depth!.

One more YouTube channel that you can take a look at is going to be newmoney

which is run by Brandon who is from Australia

and he just talks about that what is it that the super investors of the world are buying right now

why are they doing it and he does an in-depth analysis

of what the value investing mindset is of people

like Charlie Munger and Warren Buffet and I think that is a great channel that you can look at.

Then, of course we have Ankur Warikoo

he does an excellent job of explaining everything in a very simplistic manner

so that you are able to understand everything properly

I was also watching some videos from Shashank Udupa

and those are also really good that you can take a look at

then of course if you are interested

you can also take a look at the Groww YouTube channel as well

they make a lot of videos every single day

just talking about what's happening in the market right now.

YouTube is a great place for you to learn about investing

just make sure that you follow the right people and you will become a better investor overall.

Let's move on to the next part and this is going to be websites that I want you to look at if you want to learn about investing

Number 1 would obviously be 'Zerodha Varsity'

that is what you can use to read through all the topics of investing.

All the terminologies that you see about the stock market

you can learn about them using the Zerodha Varsity

you can simply search on google zerodha varsity and you will get their articles they are both in Hindi as well as in English

so that makes it very easy for you to understand all the concepts.

One more website that I have been using a lot is going to be investopedia,

investopedia is basically like the dictionary of investing,

so one time I was watching this movie called 'The Big Shot' in which

they were talking about something called a CDO and Credit default swaps

so I didn't know what that really means so I just went on to investopedia

and I just learn about CDOs, they also have a video that explain what CDOs are, so that makes a lot easier for you to understand

all the terminologies that you are struggling with in the investing space.

If you want to know the day-to-day news of what is happening in business in India

and how is it going to impact the stock market

you can take a look at 'moneycontrol'

that is a great platform that I go to every once in a while

I just look at the news using the moneycontrol website

so that is also something that you can have a look at. So that is what I would say.

Let's move on to next part and that's going to be podcasts

that you should be listening to

and before that I just want to ask you to hit the like button and subscribe to the channel

if you are still watching this video till this point

that is amazing that means you want to become a better investor

that means you are serious about investing

so please do that and share this video with your friends as well.

Now let's talk about the podcasts

so the first podcast that I like to listen to is called 'The Investors Podcast'

T-I-P you call it and over there they basically invite a lot of guests

a lot of people that are running some hedge funds and all

and they try to ask them questions about the current economy

how is it progressing what are their thoughts on that and you can take a look at that if you are interested.

One more podcast that I would recommend to is going to be 'Invest like the Best'

and this again is going to be similar to the investors podcast

but this is basically how you learn about investing using podcasts.

Alright, so this is what I would say.

Moving on to the next part and this is going to be the free courses

that you can take to learn about finance in general.

Now the first free course that you can take is from Coursera, it is called 'Finance for Everyone'

it is more of a specialisation

to keep you up to date with all the different topics

right like what is debt, what is capital, how does a business operate

what are the different players in business you have shareholders you have employees

you have people who actually run the business

all of that you will get to know from that particular specialization

you can audit it for free it's completely free of cost for you

to look at the videos atleast.

One more course that I would want you to look at is going to be

this thing called 'Principles' by Ray Dalio it is on YouTube

it's like an animated series, I think about 30 minutes each

and it goes into the depth of how does the economy actually work

how does the economic machine actually work

and all of this is explained by Ray Dalio who is the billionaire investor

and he has a huge hedge fund called as the bridgewater associates in the US, obviously

Alright, that's pretty much it, I hope you go to learn something from this video

let me know in the comment section what are your thoughts about this

and I would love to hear from you what other videos should I be making

I am super excited about this, you can also subscribe to my channel.

In the future I'll be making a lot of different videos

about investing, so please do that

check out the Groww App if you are interested to start investing

the link to that will be in the description

Share this video with your friends, subscribe

and follow me on Instagram at 'Ishansharma7390'

and I will see you all in the next video.

THANKS FOR WATCHING.