Welcome to the world of Stock Market! Being a newbie investor is a challenging experience but risk is always a calculated risk if you equip yourself with knowledge on what you are getting into...When I started in stocks few years ago, I got into something which my friends dont have any idea about. Indeed, I am the first generation investor and trader. That's s scary because I didn't know where to start. So I did a thorough study and ANC-On the Money which is a tv program, has been a credible source since then. Many years have passed, my investment experience has been exciting with less mistakes and losses.
How to avoid some common dangers that a newbie would encounter. Here they are;
What should I do now? Where to go? Where to ask help from? These are most of the questions you would think. Stock Market can be very overwhelming and many times it takes trial and error to make it right but with many credible resources now, you can manage the mistakes if you will just study it.
I have many friends who started investing in stocks and ended up cashing out at a loss and decided not to do it again.They are expecting something that the stock market can give them fortune or easy money on a very short period of time; without even knowing what they are getting into. They are expecting it is like an online casino! When their own expectation did not meet, they tend to get disappointed. Remember that each stock is a company and each stock will perform independently whether it is gaining profit or losing profit.Ask yourself first. What is my financial goal?
Again this is another misconception that many people are thinking about investment. Risk is always associated in stocks and other investments. If you are a a conservative investor and dont have much time managing your investment, you can try less risky investment instruments like Mutual Funds, Government Bonds, VUL to name a few. That really depends on your risk appetite. Always remember, the lesser the risk,the lower the return and the higher the risk, the higher is the possible return.
When you hear Stock Market, you might be thinking of those charts and numbers running in tte news on your tv screen. Investing is not much a rocket science that most people are thinking. It can be learned and many ordinary people have become successful in their investments with only basic knowledge.
Early in life I thought that investing is only for the rich, billionaires, and financial analysts but to my surprise the intial investment is even cheaper with my cellphone. It used to be expensive but when online service came into being;things have changed. It is so amazing that the government made regulations is made easier and available to ordinary Pinoy!
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