Investing is a process that needs to be followed if you really want to be financially free at a young age or even when you retire. It doesn’t happen one time. If you’re a newbie in stock market, that’s the first thing you need to know. Don’t set your expectations too high that you think you can instantly get wealthy when you buy a good performing stocks today. The market is volatile and the changes are beyond our control as investors. But, there’s always a way to counteract the bad side of the stock market. If you’re a new stock investor, here’s what you need to do.
Catch me in my live training events! (quick plug)
The heart of why I do this 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 on how you could time the market checkout the trainings below.
Stock Smarts Cebu — April 6 & 7, 2019
Investing Insights Japan – April 13, 2019
Stock Smarts Singapore — May 18 & 19, 2019
Investment Conference 2019 – May 25, 2019
Stock Smarts Manila — June 15, 16, 22, 23, & 29, 2019
Stock Smarts Iloilo – July 6 & 7, 2019
Stock Smarts Cagayan De Oro – July 20 & 21, 2019
Stock Smarts Hong Kong – August 11, 2019
Stock Smarts UAE – August 30 – September 3, 2019
Stock Smarts Qatar — October 3 – 6, 2019
Stock Smarts Taiwan – November 2, 2019
The greatest asset you can own while investing is financial knowledge. If you have this asset, no one can take that away from you. As a new investor, you have to know the type of your investment. You have to learn to assess the risks attached to it by slowly understanding the process. You have to be confident that you know what you’re doing so in case a crash comes in, you won’t doubt yourself if you’re doing the right thing or not. Keep something as your basis. Read good books, watch videos, and study a company’s financial statements.
Most of the time, investors don’t win because they keep on rushing. They want high returns without waiting. They skip the steps that are important to complete the investment procedure. For newbies out there, don’t skip the process of learning. Don’t just rely on the current status of the stocks. Smaller wins at a time are always better than one time large win. Keep your patience standing.
It will be challenging at first but once you learn how to enter the stock market, you will be interested to trade and invest at the same time. I recommend you do both simultaneously by building separate accounts for each. When investing, you have to be open to new opportunities so you can learn not just one strategy but more.
Dividends act as capital returns. Once you learn that the company is performing well and paying high dividends to its investors, don’t doubt it. Try and see what would be the outcome when you put money in that company. But remember, invest only the money you are afford to lose.
If you’re a newbie and you’re still in the process of learning how the stock market moves, establish your emergency funds along with your investment. It is a good strategy in case something urgent comes up. The purpose of it is to finance your emergency needs rather than withdrawing your investment funds because of emergencies.