stocks

How to Get Started With Stocks

What Stocks Should I Buy First?

The following is a partial transcript from the above video:

  • Stocks that pay dividend.
  • Stocks whose dividend have gone up over the past 10 years.
  • Avoid speculations.
  • Stay away from tech companies, they are very risky.
  • Avoid minerals stocks are cyclical.  Find out what their cycle is.
  • Reinvest your dividends.  Don’t spend it out.
  • Buy when the stocks are low and everyone else is selling.
  • Sell when everyone else is buying and the stocks are high.
  • Pay attention to the news. This can save you a lot of money.  Global crisis affects the price of stocks.
  • Invest $500 – $1000 minimum to cushion for the fees.
  • Diversify your accounts. Don’t put all your eggs in one basket.
  • Do your own research. Graphs in earnings reports of the specific stocks you are investing.

Safe Stocks:

  1. Coca Cola and other long-time stocks.
  2. ETF Funds: Collection of Funds. (Look and make sure you know which industry these stocks are.

What 5 Mistakes to Avoid Investing Stocks?

  1. Don’t think it is easy. It is a lot of work. Do your research look at the news, check financials, CEO Portfolios, etc.  This will help save you a lot of avoidable losses.
  2. Listening to others.  Go with your guts.  Not everything is for you, it may be for others.
  3. Short-term fluctuations unless you are a short-term day trader. Don’t freak out stocks go up and down all the time.
  4. Don’t get emotionally attached to a stock.  Detach.  Stocks are a way of making money, to make money you will need to sell it at some point.
  5. Thinking about macro-economics. A country can be in recession and individual stocks can still do well.

#Ads

FREE FEDERAL TAX FILING FROM E-FILE

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.