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Dos and Don'ts Of Investing

Source: https://blogger.stockdaddy.in/content/images/2021/11/learnDos-and-Don-t-with...

The stock market is just a business of the right skills. When you get it you will already win the battle. Make sure you know everything inside out from stock market fundamentals to advanced. In this blog, you will learn the important dos and don'ts that every investor must know before investing.

Read the full blog for a better understanding.

DOs:

1).Deal only with SEBI/stock exchange-registered intermediaries.
2).It is very important for you to maintain and keep copies of all investment documentation at all times ( e.g, application forms, acknowledgement slips, contract notes).
3). Follow up diligently and promptly, for example, if you do not obtain the required documentation within a reasonable period, contact the responsible party, such as the trading member, corporation, or other entity, right away.
4). Give your Trading member/agent/depository participant precise and unambiguous instructions so they can avoid making any mistake.
5). Indicate whether you wish to trade by using a physical method or electronic method.
6). With proper research and study, investors should make appropriate investment decisions without being swayed by deceptive advice in the public media and must double-check any claims stated in the advertisements.
7). always maintain extra copies of papers you send to companies and other organisations.
8). Important documents should be sent over a secure mode/registered mail to assure delivery.
9). Ensure that you receive a contract note/account statement for each transaction at the end of the day.
10). Before you buy, be sure you have enough money.

Don'ts:

1). Dealings with unregistered traders, sub-brokers, and intermediaries are not recommended.
2). Don't sign any documents with a third-party mediator unless you've thoroughly read the terms and conditions.
3). Don't be fooled by companies that display official approval/registration because the approvals may be for something
other than the securities you're buying.
4). Do not make business decisions based on rumours or 'recommendations.'

5). Do not entrust the safe keeping of your Demat Transaction sip book to any third party.
6). Don't forget to consider the investment's hazards.
7). Don't be fooled by guarantees of investment payback via post-dated checks.

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