It’s 2018 and one nice way to start this year is by investing in the stock market. And hey, you don’t have to be rich to do that! In the Philippine stock market alone, you can invest in stocks for as low as P5,000.00. Here are some helpful tips on stock market investing to help you start with this exciting endeavor:
Attend free seminars on stocks to help you decide as you venture into the world of stock market investing.
There are so many companies with good reputation and performance in business. You will learn about them, especially when you attend the free seminars such as the ones conducted by COL Financial Group, Inc.
Invest only in big and reliable companies.
For sure, you have an idea regarding companies that are flexible and dependable, especially if you see them progressing through the years.
Choose a reliable broker or brokers as you begin your journey to stock investing.
One major factor that will help you become successful in stock investing is your choice of the right broker. Seek the advice of your friends and relatives who are already stockholders. They can help you choose the right broker who can give you more tips on stock investing. They will also help you choose the type of investing that will best suit you.
Monitor your stocks and see how your chosen companies are doing.
Retain your stocks or even buy more stocks when the market is down.
This is because prices of stocks are low and much cheaper. So instead of getting worried that your money is decreasing during these times, it’s better to add money to your stock account. When the market’s up again, you’ll gain more because of the additional stocks you bought.
It’s best if you can set aside certain amount of money or allot certain percentage of your income or salary in stocks. You may do this monthly, quarterly or yearly, depending on your capability on managing your budget.