Beginner Tips
- Avoid individual stocks
- Create a diversified portfolio
- Buy the right investment
- Prepared for a downturn
- Try a simulator before going to real trading
- committed to your long-term portfolio
- Start Investing now
- Always avoid short-term trading
Remember, to make money consistently in individual stocks, you need to know something that the forward-looking market isn’t already pricing into the stock price. Keep in mind that for every seller in the market, there’s a buyer for those same shares who’s equally sure they will profit.
“There are tons of smart people doing this for a living, and if you’re a novice. An alternative to individual stocks is an index fund, which can be either a mutual fund or an exchange-traded fund (ETF). These funds hold dozens or even hundreds of stocks. And each share you purchase of a fund owns all the companies included in the index.
“One of the core points with investing is not just to think about it, but to get started,” Keady says. “And start now. Because if you invest now, and often over time, that compounding is the thing that can really drive your results. If you want to invest, it’s very important to actually get started and have … an ongoing savings program, so that we can reach our goals over time.”
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