New To Investing
If you are new to investing and you want to venture into the stock market, here’s what you need to know: you must learn the basics of investing in stocks first before you risk all your money and do something that you might regret for the rest of your life. You have to be aware of how investing in stocks works so that you won’t get lost in the middle of the process. Remember that the first step to becoming successful in what you do is to learn the basics first. Without the basic knowledge, it would be difficult to track your journey, if you are doing just fine with your investing experience or you are lost in all ways. For new investors out there, check out the basics I listed below.
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 trainings below.
Stock Smarts UAE – August 30 – September 3, 2019
Stock Smarts Manila – September 14, 15, 21, 22,&28, 2019
Stock Smarts Qatar — October 3 – 6, 2019
Stock Smarts Cebu – October 26-27,2019
Stock Smarts Taiwan – November 2, 2019
ICON Davao – November 30, 2019
What Type Of Investor Are You?
Before you enter a serious situation, you need to ask this question— what type of investor am I? You need to know that there are different kinds of investors and there are assessments you can take to see which type you are. Banks and online brokers assess investors first before they offer investment portfolios. There are investors who can take high risks and there are conservatives ones. If you are willing to take risks but you want extra care, you can go for moderate risk investment types.
Online Brokers And Minimum Fund Account
Once you have figured out what type of investor you are, you can move on to finding the best online broker for you. Here in the Philippines, there are a lot of online brokers like COL Financial, Metro Sec, PhilStocks, and many more. Aside from stocks, some of them also give options to invest in mutual funds and bonds. When choosing your online broker, see to it that the website is simple and can be navigated well. This will serve as a tool to monitor your investment. It’s common for online brokers to require a minimum fund for opening an account and the lowest you can find is 1,000 pesos.
Always Diversify
You won’t see the importance of diversification yet if you haven’t experienced losing in stocks. When investing, always choose to diversify. Don’t put your money in one stock alone as this is prone to big losses. Find the best companies in the market and invest your money in tranches. The goal here is to win big gradually, not to take all the risks just so you can earn as quick as possible. Diversification will help mitigate the risks.
