Playing the Stock Market: How To Start Investing
Even in the rough economy, there are many who want to learn how to invest in the stock market. Though it may seem scary, starting now is not a bad idea since there are many good deals to be had.
Investing in stocks can be risky, but the key is only to invest when you can. Do not invest every month unless you are financially able to do so. Some consumer services will allow you to set up automatic withdrawals from your checking or saving account to your stock or money market account. Do not sign up with this when you are first learning how to manage your stock account. You could end up losing a lot of money by investing too much money early on.
Don't rush into investing. Don't put large amounts of money in the market right away until you know what you are doing. You can start investing with very small amounts of money (even less than $100), and get a feel for how investing works.
Everybody worries about a recession. There is no foolproof way of avoiding one, however. You can minimize your losses by investing in recession resistent industries (expect lower rates of return overall, though) and by diversifying. If your portfolio is around $100 this might be hard, but that will change as you invest more.
Don't be checking your stocks every single day: this will only make you go crazy. Instead, check up things every week or month, depending on your strategy. The market is always going up and down, so don't stress out about it too much. Take time, and assess the situation with a level head before buying and selling.
You should have a diversified stock portfolio; do not invest in just one company or industry. This will allow you to have a good mix of stocks in case a certain industry or company has a rough time.
Investing in the stock market takes much discipline and hard work. Be sure to choose a strategy that works for you, and stick to it. Consistency is key. Always be learning more about investing. It isn't that complicated, and the more you know the better returns you might possibly get (no guarantees, though). Open up a brokerage account, learn your stuff, and keep a level head as you venture into the wild waters of the stock market. - 23208
Investing in stocks can be risky, but the key is only to invest when you can. Do not invest every month unless you are financially able to do so. Some consumer services will allow you to set up automatic withdrawals from your checking or saving account to your stock or money market account. Do not sign up with this when you are first learning how to manage your stock account. You could end up losing a lot of money by investing too much money early on.
Don't rush into investing. Don't put large amounts of money in the market right away until you know what you are doing. You can start investing with very small amounts of money (even less than $100), and get a feel for how investing works.
Everybody worries about a recession. There is no foolproof way of avoiding one, however. You can minimize your losses by investing in recession resistent industries (expect lower rates of return overall, though) and by diversifying. If your portfolio is around $100 this might be hard, but that will change as you invest more.
Don't be checking your stocks every single day: this will only make you go crazy. Instead, check up things every week or month, depending on your strategy. The market is always going up and down, so don't stress out about it too much. Take time, and assess the situation with a level head before buying and selling.
You should have a diversified stock portfolio; do not invest in just one company or industry. This will allow you to have a good mix of stocks in case a certain industry or company has a rough time.
Investing in the stock market takes much discipline and hard work. Be sure to choose a strategy that works for you, and stick to it. Consistency is key. Always be learning more about investing. It isn't that complicated, and the more you know the better returns you might possibly get (no guarantees, though). Open up a brokerage account, learn your stuff, and keep a level head as you venture into the wild waters of the stock market. - 23208
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posted by X - Men @ 5:10 AM
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