Passive income is a slippery concept for most of us – we don’t understand it as intuitively as, say, the ability to earn a living through our jobs and businesses, or inherited wealth. But passive income is a very important lever to build wealth with. Think about it: if your ability to earn is only tied to your ability to work, you can never stop working! However, if you invest wisely, and create additional income streams, or grow your investment at a pace higher than inflation, you are, in effect, creating passive income that is separate from your day job.
As with all things investments, the earlier an investor starts, the better. Even if that means starting small. It is these small investments that snowball into larger assets down the line. Starting small, after all, is better than not starting at all. However, despite massive public awareness and investor education campaigns all around us, many people still haven’t begun their investment journeys.
Often, the problem is threefold: they don’t know enough (education gap), their corpus is too small (capital gap), and they are so afraid of losing their small corpus, that they’d rather leave it where it is, even if it isn’t earning anything (trust gap). For young investors, this hesitation can cost them dearly. However, addressing these gaps has never been easier.
Education Gap
One of the best things about the internet is how it democratises knowledge and opportunity. For structured learning there are a plethora of free courses and for those who want to learn by doing, the sky’s the limit.
Successful investing and trading is often about having access to good information, and this is where the Share.Market platform stands head and shoulders above the competition. PhonePe’s Share.Market offers users market intelligence, quantitative research-based WealthBaskets and a scalable technology platform. WealthBaskets are curated collections of stocks or investment products by SEBI-registered intermediaries that align with specific themes, sectors or market trends, allowing novice investors to enter the market without having to rely only on their own research. Of course, investors and traders can engage with stocks (intraday and delivery), Mutual Funds, and Exchange-Traded Funds (ETFs), in addition to WealthBaskets on Share.Market.
Capital Gap
One of the best things about Share.Market is its accessibility. There are zero platform fees and zero brokerage on WealthBasket transactions until March 31, 2024. Additionally, brokerage charges for equity delivery and equity intraday trading are the lower of 0.05% or Rs. 20 per executed order – it doesn’t get any lower, industry wide. And now, Share.Market has done away with their Rs 199 onboarding fee, making this the best time to sign up.
Trust Gap
What we have in India, at the moment, is a problem of plenty. There are a vast variety of fintech platforms for every need, and navigating the landscape can be daunting, for experienced investors and newbies alike. Can you trust the platform you’re on to keep your data safe? Does it perform as advertised? And most importantly, does it have what it takes to partner with you for the long run?
For Share.Market, the answers to all three questions is a resounding ‘Yes’. Share.Market is backed by PhonePe Wealth Broking and its affiliates, which are part of the PhonePe Group, which in turn, is India’s leading digital payments company with 490 million registered users and a wide network of over 36 million merchants across the country. PhonePe has ventured into various financial services, such as insurance, mutual funds, stock broking, and lending, as well as other tech-enabled businesses.
Perhaps more importantly, Share.Market inherits the PhonePe Group’s vision to offer every Indian an equal opportunity to accelerate their progress by unlocking the flow of money and access to services.
Bridging the Gap to Financial Freedom
If passive income holds the key to financial freedom, then knowledge, affordability, and trust are the waymarkers on one’s investment journey. As with all new skills and ventures, there will be some false starts, and some early successes. Investors who succeed in the long run are those who learn to take both in stride, and persevere. In doing so, they create paths for new investors to follow, at least at the start, till they find their own way.
This is a Partnered Post.