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Today I did my first trade in the stock markets.

My father opened my trading account when I turned 18. The trading account was opened with Upstox; a low cost brokerage. Due to market conditions we did not invest earlier and in hindsight, it was a good decision. But now that the markets (NIFTY) have dropped from 11,000 to 10,000, my father thought it appropriate to invest in the stock market. After a lot of study we came to the conclusion that the best instrument to invest would be an exchange traded fund; in our case it was NIFTYBEES.

What I learned today was:
  • Customizing my Upstox trading account.
  • Adding funds via logging in from my bank account.
  • Placing a buy order. (I attempted twice but the buy order failed. The third time it went through properly.)
Note that I'm investing in an ETF (Exchange Traded Fund) and not in a particular stock but if the market does well, I will benefit. 

My holding period will be in the region of a few years at the very least. And my targeted rate of return in 18% - 20% CAGR. 

I will make a separate post on why to invest in NIFTYBEES (which I plan to do on a regular basis) and why CAGR is important. 

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