How To Buy Shares For Long Term In Zerodha

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You and Your Long-Term Love Affair with the Stock Market (a.k.a. How to Buy Shares on Zerodha and Not Panic Sell Them)

Let's face it, we've all dreamt of striking it rich. Maybe you envision a life of sipping margaritas on a beach somewhere (because let's be honest, those tiny umbrellas are adorable). Or perhaps early retirement with enough free time to finally master the art of sourdough bread making (because nobody needs store-bought bread when you can impress your neighbours with your intricate starter culture).

The stock market whispers promises of such a life, but it can also feel like a confusing rollercoaster ride designed by a particularly sadistic game show host. Fear not, dear friend! This guide will steer you through the calm waters of long-term investing on Zerodha, helping you build your dream castle (or sourdough empire) brick by brick (or share by share).

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How To Buy Shares For Long Term In Zerodha
How To Buy Shares For Long Term In Zerodha

Step 1: The Pre-Game Prep (Because Nobody Likes Fumbling for Shin Guards Mid-Match)

  • Do your homework: The stock market isn't a casino. Research companies you believe in, understand their financials, and don't just throw your money at the prettiest logo (although, a company that makes adorable cat ear headphones might be a good sign...).
  • Pick your poison (or rather, your portfolio): Diversification is key! Don't put all your eggs in one basket (unless it's a really, really nice basket). Consider a mix of sectors and avoid getting emotionally attached to a single stock (remember, they won't write back if you send them a love letter).
  • Fund your Zerodha account: This might seem obvious, but let's not be the person showing up to the beach with an empty margarita glass. Transfer some moolah into your account so you can actually buy those shares.

Step 2: Let's Get Physical (with the Buy Button, Not Your Broker)

  • Login to Zerodha: Easy enough, right? Unless you've used one too many banana peels as bookmarks.
  • Find your chosen stock: Search for it like you're on a thrilling treasure hunt (except way less sweaty and with fewer booby traps).
  • Order Time! Here's the fun part.
    • Product: Make sure it's CNC (Cash & Carry). This means you're buying the shares outright for the long haul, not borrowing them for some fancy day-trading shenanigans (which we'll save for another day, perhaps after you've mastered sourdough).
    • Order Type: You can choose Market (buy at the current price) or Limit (specify a price you're willing to pay). Just remember, patience is a virtue, so don't panic if your limit order doesn't fill right away. The market, like a stubborn donkey, sometimes needs a little gentle persuasion.
    • Quantity: How many shares do you want to buy? Think about your budget and investment goals. Don't go overboard and accidentally buy out the entire company (unless it's the aforementioned cat ear headphone company, then go for it!).

Click that glorious "Buy" button! You've just taken your first steps towards becoming a stock market Casanova (or Juliet, because investing shouldn't be gender-biased).

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Step 3: HODL On For Dear Life (But Seriously, Chill Out)

HODL (apparently that's a thing the cool investing kids say, it stands for "Hold On for Dear Life") is your new mantra. The market will have its ups and downs, that's just the nature of the beast. Don't let short-term fluctuations send you running for the hills. Remember that well-researched company you believe in? Trust the process, my friend.

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Bonus Tip: Don't check your portfolio every five minutes. Constant monitoring is the financial equivalent of watching paint dry. Set a schedule to review your investments and enjoy the peace of mind that comes from knowing you're building your future, brick by delicious bread, share by glorious share.

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So there you have it! A (hopefully) humorous guide to getting started with long-term investing on Zerodha. Now go forth, conquer the market (responsibly), and may your portfolio be ever fruitful (and hopefully not as temperamental as a toddler).

2021-06-29T02:22:00.475+05:30
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Quick References
Title Description
goodhousekeeping.com https://www.goodhousekeeping.com
consumerreports.org https://www.consumerreports.org
forrester.com https://www.forrester.com
statista.com https://www.statista.com
census.gov https://www.census.gov

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