How should a young person invest money?

Start early - If you would like to accumulate wealth, time is that the most vital factor. The longer you save and invest, the more likely you're to succeed in your goals and build sizable wealth.
Add to your savings frequently - The frequency of your contributions (e.g. weekly, monthly, or yearly) has an important impact on your long-term success. If you have trouble remembering to add to your savings account, try setting up an automatic monthly transfer from your checking account (e.g., ₹1000 per month).
Use compounding when you invest - Once your funds are in savings, move the funds into an investment as soon as possible. You'll earn a higher rate of return from an investment. When you move money from savings into an investment vehicle, cash in of compounding.
Use Rupee cost averaging - The index value on any investment could also be higher or lower in any given year. Over time, however, the index has generated an average return of about 10% per year. You can use rupee cost averaging to benefit from short-term declines in an investment’s value.
Let your wealth compound - If you invest fettered , compounding is the multiplying effect of interest on interest. For stocks, compounding is generating earnings on your prior dividends. In both cases, you should reinvest any interest or dividends your investments earn.
If you want to know more or facing any problem during investment then contact Arijit Sen (Certified Financial Planner & SEBI Registered Investment Adviser) from Merry Mind.

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