Stock markets have had a phenomenal run so far this year. The Sensex and the Nifty have been constantly on the up-move clocking in record levels despite high valuations and the rally has taken many by surprise. The record run of markets has also led to many retail investors entering the fray. Varun Malhotra, Director, EIFS shared key investment mantras for millennials who wish to be successful investors despite the markets looking expensive and may be heading for a correction.
“Investors should not look for any particular time or day to begin, they should just start now. If you have a financial goal that is 5 or 10 years away. SIPs is the best way to start investing and you can start a SIP anytime even when the markets collapse or are at their peak as it gives you rupee-cost averaging”, he said.
However, as far as a lump sum investment is concerned, that needs a bit more knowledge and research.
While investing in a passive way in stock markets by way of funds, he believes index funds are the best way for beginners to start within mutual funds.
He also shared key learnings from Warren Buffett and Peter lynch which every first-time investor must follow.
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