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Practical money advice for investing in stocks

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david.lee.smith.
david.lee.smith. followed this discussion
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Here are the basics according to Curtis Carroll when you're investing in the stock market:
1. Investing and trading aren’t the same thing.
2. Do your research.
3. Don’t follow the herd.
4. Find out the real numbers first.
5. Try to buy in bulk.
6. Investing your money is risky, but don’t let the r-word scare you.
Edited
6 mths
Host
Do you invest in stocks? Do you think they're good investments? What's a good advice you can add to the list?
6 mths
russell.miller
russell.miller followed this discussion
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Investing in stock is a little risky if you don't know what you are doing. When I started, I didn't know what I was doing either so I just bought blue chip stock and just held it and it's doing quite well now so don't be tempted by earning a quick buck especially if you don't know what you are doing -- you just might end up losing more.
6 mths
Host
I agree. If you are not sure about your skills, go the safer route and invest in blue chip especially those that give dividends.
6 mths
Host
I'd say invest in stocks only if you have regular cash flow. Trading stocks is one investment that could potentially give high returns, however, the returns are not guaranteed. The trick is to not put all of your money in a single investment. Also, make sure you don’t use your emergency funds and savings, because at the end of the day investment returns are not guaranteed.
6 mths
Host
This is such an inspiring article. Imagine being a respected financial advisor who started as illiterate and being in prison even. Another story that shows us there's nothing impossible if we have the willpower.
6 mths
Host
Buying a share of a company’s stock makes you a part owner of that business. You’ll come across information as you screen potential business partners.You want to know how this company operates, its place in the overall industry, its competitors, its long-term prospects and whether it brings something new to the portfolio of businesses you already own.
6 mths
Host
I think one good way to learn is from books and learning from other people. When I did stock trading for the first time, I talked to friends who have been doing this longer and learned from them.
6 mths
Host
The lure of big money has always thrown investors into the lap of stock markets. However, making money in equities is not easy. It not only requires oodles of patience and discipline, but also a great deal of research and a sound understanding of the market, among others.
6 mths
10 more people followed this discussion
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Trading over-activity triggered by emotions is one of the most common ways investors hurt their own portfolio returns. You shouldn't let your emotions get the best of you.
6 mths
Host
When I started trading stocks, I joined this Facebook group of traders and it was a wealth of knowledge and it can be confusing so they your time to learn.
6 mths
Host
There's an option at our company to invest in company stocks. A portion of my pay directly gets deducted and invested in the company's stock. Since I know nothing about stocks but I believe in our company, I thought it was a good investment for the future. I'm glad I did. Little by little, my investment is growing.
6 mths
Host
The lure of big money has always thrown investors into the lap of stock markets. However, making money in equities is not easy. It not only requires oodles of patience and discipline, but also a great deal of research and a sound understanding of the market, among others.
I agree! People are not too keen on working for the money. They are excited by the possibility of getting rich quick through the stock market but chances of somebody actually doing so is slim.
6 mths
Host
When trading, you hold onto a stock for a short period of time, but if you’re investing in a company, you have to have a long-term approach, because your money is going to be tied up with that company for many years.
6 mths
Host
Never jump into anything without doing your due diligence. Study and learn from people who have done it and learn from their mistakes.
Edited
6 mths
cholo-salvadorlincoln-wardelle.curtis
cholo-salvador, lincoln-ward, elle.curtis and 7 other people started following this discussion