By: Komal Garg
Investing in stock markets/share markets is always a great idea for college students to earn some quick cash while studying. The prevalent notion that one needs a lot of money to start investing in the stock markets or share markets is FALSE. Even students can earn some money while completing their studies by making well-informed decisions about investing in the stock market.
ADVANTAGES OF INVESTING AT TEENAGE
1) Increment in their pocket money
The returns that are obtained from investing in the stock market will add to the pocket money of the students. But, one should be careful as to where and when to invest their little pocket money and make it bigger through the stock market.
2) Good rate of return on long term investments
Students can buy shares for a longer term because of time availability and less or no pressure of earning but one must be patient enough to invest at the right place for the right time to get the maximum return possible. Long term investment also gives one an income tax relief. Also, there are many tech savvy tools and apps available to help students in making wise decisions.
3) Low initial investment requirement
The students just need a basic amount of money to able to start investing in the stock market. They are obviously amateurs and thus, it is always better to start off at a minimum capital risk.
EDUCATIONAL TOOLS FOR INVESTMENT
STOCK MARKET GAMES
Games like Moneybhai, BSE Challenge, Mockstocks held in different colleges help students play in a virtual scenario with fake money and help them to get a better and deeper understanding of the stock market as they play along.
There are also many online tools which can immensely help the students to get a hang of the stock market scenarios by comparing charts and data. Some of them include Yahoo Finance, Investopedia, Stock Screeners, mobile apps, alerts and more.
ONLINE COURSES and TRAINING SESSIONS
Students can also take up online courses and training sessions about stocks to gain knowledge and learn tactics of the stock market to earn better returns.