Do you want to invest in stocks but do not know how?
Well, it is not as complicated as you think it is. If you think you are not that knowledgeable about it, you need not know everything experts know. You can start with basic knowledge. Then, you can work your way to expand it exponentially as you continue investing.
When is the right time to invest in the stock market?
Now is the best time! Why? Stocks are on sale!
Now is the best time! Why? Stocks are on sale!
Yes, the market is bearish which means that prices of stocks are falling; hence, it is high time to click the button and buy stocks you can afford. And the bearish market will continue because of the chaos in Syria.
Just like in shopping stores, you can buy more stuff when products are pretty much discounted. So indulge.
Since the rationale is buy low, sell high, purchasing stocks at this point will give you big profits in the future so take advantage of the bearish market now.
How do you start?
Second, get yourself a trusted adviser. In the Philippines, the easiest way to do it is subscribe to Bo Sanchez’s Truly Rich Club.
Truly Rich Club uses Strategic Averaging Method (SAM) instead of Buy-and-Hold Method. SAM entails that an investor puts money every month. It has been proven that the use of SAM beats market timing. According to statistics, investors using averaging earn more than 90% of the market timers.
Truly Rich Club recommends a list of diversified companies to invest in. It also sends market alerts and hints like Buy Below Price (BBP) and Target Price (TP) of stocks to its subscribers. That way, every subscriber will not be overwhelmed and get lost in their buying and selling of stocks. Any price below the BBP is considered an attractive level to buy the stock. TP, meanwhile, is the Club’s estimated worth or fair market value as computed by various ways specific to its industry (i.e. DCF, NAV, P/E).
Third, open an online trading account. I recommend COL Financial, Inc. The platform is reliable and easy to use. Minimum investment is P5,000 for COL Starter and P25,000 for COL Plus. Click here to open an account. You can also try BPI Trade. In BPI Trade, you just have to maintain a minimum amount of P500 as balance.
Fourth, start buying stocks. And do not forget to invest every month!
Do you need financial overhauling? Do you think that your financial life is not improving? Do something. Start stock market investing and and be ready to be wealthy.
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