WHAT SHOULD YOU DO AS A NEW STOCK INVESTOR? | Marvin Germo

WHAT SHOULD YOU DO AS A NEW STOCK INVESTOR?

By: Marvin Germo | July 14, 2019

Is Investing Easy?

It’s easy if you want it to be easy. Things become complicated when you think it is hard to understand. If you would ask me if investing is simple, yes it is. Even 7 years olds can catch up with investment ideas, so there is no excuse if you are already a young professional. Now, if you’re just starting to invest, there are basic things you need to learn first before we take you to the next level investing. When I say basic, you need to focus more on your attitude as an investor. Not everyone fits in investing. You’re lucky if you discover that you have the potential to be successful in this field. Today, let me share with you the 3 best advises I always give to new investors in the stock market.

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 Cagayan De Oro – July 20 & 21, 2019
Stock Smarts Hong Kong – August 11, 2019

ICON Iloilo – August 17, 2019
Stock Smarts UAE – August 30 – September 3, 2019
Stock Smarts Qatar —  October 3 – 6, 2019
Stock Smarts Taiwan – November 2, 2019

Save As Much As You Can While You’re Single

When you’re single, you can enjoy as much as you can. You can travel anywhere, you only pay for your own food, and you have lesser bills to pay off. If you can do all these things, you should also take this as an opportunity to save as much as you can because when you become married and have kids, your expenses will double. The chance for you to save, say 20% of your income, will slim down especially if you’re income will not increase. For new investors out there, enjoy and save while you are still single and while you don’t have a family to feed yet.

Put As Much As You Can

One of the best advises I can give you is put as much as you can if you are only starting now. I’m not saying you should be greedy that you will put all your money including your emergency funds. When I say put as much as you can, it means using your extra money to start an investing account and spending lesser so you would have money to put in regularly. Give yourself a threshold that you can follow every month. If you’re getting salary every month, set aside 10-20% of it for your savings and investments. Make it a habit to invest.

Don’t Wait For Tomorrow

One of the regrets I have is not starting early when I had the chance to invest. When I was your age, I also enjoyed buying stuff I didn’t need like upgraded phones and shoes. Now that I am married have I only realized that if I started earlier, I will have more income and experience today. But for those who will only start this year, today is the day. Don’t wait for tomorrow before you make a move. Don’t delay your earnings. As early as today, open an account and put a certain amount in it. Start learning and use your knowledge to develop yourself into a great investor.

I’m excited to share my 5th book overall and the 4th book in the Stock Smarts series, Stock Smarts: Breaking the Resistance – How to time your traders perfectly. The heart of this book is to teach you strategic ways on how to come in and buy and sell stocks in a way where you come as the market is headed up and come out as the market is headed down. The book is now out and exclusive via Marvin Germo Book Orders.
For more details and to order my other books: Marvin Germo Book Orders
Stock Smarts Book