Are you thinking of opening your investment account soon? Do you want to earn money through investing and trading stocks? I bet you do! A lot of millennials are now looking into this portfolio. Because apart from being one of the most popular investment portfolios, it’s cheaper to invest in stocks as well. For as low as P1,000, you can already buy shares and invest in it for the long term. However, you need to understand a few things first before you can start with stocks. This blog will tell you what to do before you invest.
Catch me in my live training events! (quick plug)
The heart of why I do these seminars is I want to build a generation of Filipinos with the right foundation in stock investing. I want to bring smart investing to every Filipino around the world! If you would like to know more about how you could time the market check out the training below.
Stock Smarts Manila: March 14, 15, 21, 22 & 28, 2020
Stock Smarts Singapore: May 16 – 17, 2020
Stock Smarts New Zealand: June 6 – 7, 2020
Stock Smarts Sydney: July 11 – 12, 2020
Stock Smarts London: April 18 – 19, 2020
Don’t know anything about stocks? Reading books is helpful! Before you invest in stocks, you need to invest in your knowledge first and you can only do that if you will put your money in the essentials—books, videos, seminars, and so on. Purchase one book from a stock investor you trust. If you can’t afford to buy a set of books that will help you understand more about stocks, you can buy them piece by piece every time you finish one. What’s great about having stock investment books in your possession is that you can always go back if you need information in the future.
It’s better to ask someone who’s professional in stocks before you make a move. And yes, it’s fine to get a mentor or talk to a stock advisor even if you don’t have investments yet. This is actually better so you can ask the person about how to properly start. You can also ask a mentor about his experience when he started and how he first earned his profits. It’s all about communicating and asking. Don’t hesitate to ask questions. This is one way you can learn more about investing and trading stocks.
If you have a mentor, it’s easier to plan how you will invest or trade. After reading a couple of investment books and talking to a professional stock investor, it’s time to plan your investing moves. If you are a newbie, start with small investments. Be open to risks and new learning while you trade. Even with a mentor, your experience is still the best teacher. Don’t hesitate to face challenges. Try to formulate your own strategies from those setbacks. Always back up your decision with a plan.