Why We Love Stockmarket For Neophyte (And You Should, Too!)
Every one of us wants to start their own savings and investment. But the big question always is that when to start and how to start to invest especially in the stock market?
I have been working in the Bank for almost 11 years and I have seen people who are successful in their finances and a lot are also declared bankruptcy. When I ask those people who were successful in their finances majority of them shared that they were never scared to start to invest in the stock market. They were once a beginner in the field of the stock market. Thus, allow me to share with your the outputs I gathered when I had the interview with these successful people.
Start with small amount of initial investment
A small amount would mean that the amount you are willing to lose. Starting small amount will help you mitigate the risk of failing to re-invest which is the key to growing your investment.
2. Diversity in the types of stocks
Don’t focus on 1 type of stocks rather diversify. invest in blue chips company or corporation. Corporations who executed an exemplary performance.
3. Look for a mentor or a company who could guide you
As they say “good investor learn from their own mistakes but Better Investor learn from the mistakes of others”. Learn from their failures and stories.
That’s it. Investing in the stock market is not scary after all. Just follow the tips above and start now to invest.