7 Tips and Tricks when Investing in the Philippine Stock Market | Efraim C. Osingat
1. Do your research.
If you are going to invest in the stock market, it is
imperative that you understand how the market works and what the risks are.
Since stock prices tend to rise and fall regularly, you could lose money if
you're not careful and don't know what you're doing. If you're unsure of where
to start, consider hiring a financial advisor or take an online class to learn
more about investing in the stock market.
2. Invest regularly.
It doesn't do much good to invest a large sum of money once
and then never invest again, because there's no way to know when the best time
is to invest in order to get the most for your money. Experts say that
investing smaller amounts on a regular basis can help ensure that you're not
putting all your eggs in one basket. This also gives you more opportunities for
growth as opposed to investing everything at once and hoping for the best. This
method is called dollar cost averaging; it helps smooth out risk over time so
you won't be devastated if something happens unexpectedly with your investment
portfolio.
3. Buy low, sell high.
This may seem like obvious advice, but people tend to buy
stocks when they are high and panic when they drop, which can cause them
4. Take advice with a grain of salt.
Whenever you're considering a new investment, do your own
research before making any decisions. You'll be able to make better decisions
and feel more confident about them when you approach the situation from an
informed position. Remember, too, that each person's financial goals and risk
tolerance are unique; what one person can afford to invest in may not be
appropriate for everyone.
5. Keep your emotions at bay.
The stock market is volatile—there are ups and downs, good
days and bad days. It's important to remember that these fluctuations happen
all the time, and it's only natural. Don't get too caught up in the lows or
highs—keep a level head so you can make wise decisions when it comes to buying
and selling.
6. Patience can pay off big time.
If you're looking at the stock market as a long-term investment strategy, then you need to be patient! It might feel like the stress of waiting isn't worth it right now, but if you want to see a return on your investments, then keep your eye on the prize (that is, your retirement) instead of focusing on short-term gains and losses. If you're worried about losing money or not
7. Choose a broker that fits your needs.
Buying and selling stocks can seem like a very complicated
process, but it doesn't have to be that way. Stockbrokers are professionals who
help you buy and sell the right stocks for your needs. There are two types of
stockbrokers: full-service and discount. Full-service brokers give you advice
and make recommendations on what stocks to buy or sell. Discount brokers offer
online trading programs that allow you to do all your trading without a
broker's assistance. Choosing the right type of broker is a very important part
of investing in the stock market.
Book my services as Financial Advisor.
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Disclaimer
The Author is advising readers to consult with your respective Financial Advisors before venturing into any investments. Investing your money is dependent on your goals and your risk tolerance. You should know the risks and rewards of investing before you actually do the same. The illustrations above are for educational purposes only and any risks or losses that you may incur are imputable to your respective decisions.
The author does not in any way provide a guaranty as to the effectiveness and quality of the products and services that are featured in this blog. The products and services were advertised based on personal experience and product and service reviews that the product/service received.
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