Investing in the stock markets is the new vogue. Economic and job uncertainties due to Covid-19 have left the young vying for “alternate” and “quick” money-making options. On the flip side, those with salaries piling into their bank accounts due to a restricted lifestyle have also taken to Dalal Street to double-triple their savings. With memestocks such as Zomato which gave listing gains of 70%, and Reddit threads that promise that everyone can become “the wolf of wall street”, young have gravitated towards the stock market.
These are primarily first-time investors, around 22–30-year-olds, ringing in dozens of trades at lightning speed off their mobile phones. Why? Because returns on traditional investments like savings deposits and mutual funds apart remain low. Investing in property markets requires a pretty penny and navigating India’s complex taxation system not to mention there is hardly any instant gratification. In short, stock markets are lucrative and an easy bet for the young.
But what do they say about not putting all your eggs in one basket? At a time of increasing uncertainty, investors and brokers advise young to diversify their portfolios and financial plans.
Organizations such as the Farsight group encourage young investors to a variety of options and customize their portfolios based on their needs. Committed to delivering the best of investment-related services, Farsight has a growing network of 100+ offices across 50+ cities/towns in India. A leading Broking House, established in 1995, having membership of National Stock Exchange of India Ltd. (NSE), Bombay Stock Exchange Ltd. (BSE), Multi Commodity Exchange of India Ltd. (MCX), Farsight, provides a wide range of capital, commodity and other financial services to their clients alongside innovative ideas and solutions for optimum Return on Equity.
They cover ground across a range of financial services that an individual or a corporate house might seek at every point of capital growth and expansion. These include advisory on insurance policies, taxation, procedure, and documentation for incubating a start-up, retirement planning, stock trading, investing in mutual funds, and fund-raising to name a few.
The organization understands the value of trust and integrity during such a hostile environment and strives to offer unparalleled services to their clientele while following its code of conduct and ethics. They make all their services and strategies with research support to the clients available through text messages, e-mails, and other sources.