When investing in the stock market, there are a few things people should know before they invest. I
have been investing in the stock market for about over a year and I have made some bad choices in
stocks and I have made some good choices in stocks but it may take some trial and error to figure out
the stock market.
So in this post, I will give you three tips on investing in the stock market and some
things that I did wrong so you can avoid them all together. But the first thing tip I would say is do your
own research before buying anything on the stock market and please don’t do what everyone else is
doing. Come up with your game plan in the stock market and follow it though. Everyone goal is
different, and my goal is to invest only in dividend paying stocks to make $500 dollars per month. I want
passive income so that is my goal and I stay on that track until I hit my goal. So let’s go over some tips
for investing in the stock market.
Stock tip #1
Like I say above, please do your own research before buying anything on the stock market. Just don’t
watch some YouTube videos and think that buying a certain stock is a good idea. The one thing that you
can do is learn how to company makes money and with more research do you think that the company
can make money 5 to 10 years from now.
Go to the company’s website and learn what you can from the
website. I would watch some YouTube videos and google more information about the company. Look at
the 5-year graph of the stock and see how’s it tending over time. Is the graph going up or going down
and if it’s going down find out why? We have google to look up things and we should use it. This would
be the first thing I would do.
Stock tip #2
Even before you start to investing into the stock market, you must find out what is your goal in the stock
market? What do you want to do and how do you want to make money in the stock market? Do you
want to invest into growth stocks and sell them when the price goes up? Do you want to just buy low
price stocks and sell when the price goes up? Do you want to invest into dividend paying stocks from
passive income?
There are things that you need do figure out before you start to invest. This is what I
didn’t do because I didn’t take the time to come up with a plan for the stock market. I would also find
stocks that you like, and you have done your research on and add them to your watchlist so you can
keep tab on those stocks. When the price drops, it may be time to start buying when the price is low. I
would not buy a stock when the stock price is at a 52 week high or all-time high. I would wait for the
price to drop.
Stock tip #3
Don’t place all of your money into the stock market. You make your own choices in life and as for me, I
would not place most of my life saving into the stock market. What I would do is when I get paid from
my job, I would buy some stocks over time. There is a risk in any investment that you make so you want
to be safe than sorry if something happens. Also buy different stocks in different sectors in the stock
market. Just don’t buy oil and gas stocks 100% percent of the time. You want to look at different parts of
the stock market like real estate, tech and business.
