Many novice investors mistakenly approach the stock market as a quick path to wealth, often focusing on market timing and hot stock tips. Hemant Sood, Founder and MD of Findoc Investmart Pvt Ltd, emphasizes that true wealth is built through patience, discipline, and the power of compounding over time. He advises beginners to adopt habits that protect and grow their wealth, such as systematic investment plans (SIPs) and index funds, which simplify the investment process without increasing risk. Sood warns against harmful advice that promises quick gains, noting that such strategies often rely on unpredictable market events. He also identifies behavioral signs of risky trading, including excessive portfolio monitoring and emotional trading patterns, urging investors to revert to safer investment strategies. For those starting with modest incomes, establishing an emergency fund is crucial before venturing into equities. Sood recommends beginning with a small SIP, even as low as ₹500 per month, and gradually increasing contributions as income grows. Finally, he stresses the importance of using technology wisely, focusing on research and education rather than impulsive trading.