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How To Invest Your FIRST Salary? | Personal Finance Strategy and Investment April 21 2023Indira Securities

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Congratulations on receiving your first salary! Investing your money is a great way to set yourself up for financial success in the long term. Here are some steps to consider when deciding how to invest your first salary:

  •     Create a budget: Before you invest, it's important to create a budget. This will help you understand how much money you have coming in and going out each month, and how much you can afford to invest.

  •     Build an emergency fund: Before you start investing, it's important to have an emergency fund in place. This should be a savings account that you can access quickly in case of an emergency, such as a job loss or unexpected medical expenses. Experts suggest saving at least three to six months' worth of living expenses in your emergency fund.

  •     Pay off high-interest debt: If you have any high-interest debt, such as credit card debt, it's a good idea to pay that off before you start investing. High-interest debt can quickly accumulate and make it difficult to achieve your financial goals.

  •     Start small: When you're first starting out with investing, it's a good idea to start small. Consider investing a small percentage of your salary each month, such as 5% or 10%. As you become more comfortable with investing, you can gradually increase the percentage you invest.

  •     Consider your investment options: There are many different ways to invest your money, such as stocks, bonds, mutual funds, and real estate. Each option comes with its own risks and potential rewards. It's important to do your research and consult with a financial advisor before making any investment decisions.

  •     Stay diversified: When investing, it's important to diversify your portfolio. This means investing in a variety of different assets, such as stocks, bonds, and real estate, to minimize risk.

Remember, investing is a long-term strategy, and it's important to be patient and disciplined with your investments. By starting early and following these steps, you can set yourself up for a financially secure future.

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Prevent Unauthorized Transactions in your demat and trading account --> Update your Mobile Number/Email id with your Depository Participant and Stock Broker. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat/trading account directly from CDSL and Stock Exchanges on the same day.........issued in the interest of investors...

1. Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020.

2. Update your Mobile Number & Email Id with your Stock Broker/ Depository Participant and receive OTP directly from Depository on your Email Id and/ or Mobile Number to create pledge.

3. Pay 20% upfront margin of the transaction value to trade in cash market segment.

4. Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued by NSE vide. Circular No. NSE/INSP/45191 dated: July 31, 2020 and NSE/INSP/45534 and BSE vide Notice No. 20200731-7, dated: July 31, 2020 and 20200831- 45 dated: August 31, 2020 and dated: August 31, 2020 and other guidelines issued from time to time in this regard.

5. Check your Securities/ MF/ Bonds in the Consolidated Account Statement issued by NSDL/ CDSL every month.

"As per the directives of CDSL and esteemed Exchanges, it has been made mandatory for every client to furnish their latest KYC details viz. Valid Mobile No., Email- Id & Income range on or before 31.05.2021 else your Account will be marked as Non Compliant and will be Freezed till the compliance of such requirement."
"No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."
"KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."
Dear Investor if you wish to revoke your un-executed eDis mandate, please mail us with ISIN and quantity on by today EOD."

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