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The Worth Of Quality Education In Stock Market

Education in stock market is an important part of the process, especially for investors who’ve just stepped into the work of trading.. No doubt experience is your best buddy in stocks as it mitigates so many bad decisions & lack of judgment, but for a starter, a sound source of education goes a long way into marketing. Just like a classroom it is not just a teacher’s responsibility to teach, self-learning & staying up-to-date with the latest trends is equally critical in shaping your career. Get a good teacher, follow the market trends religiously and you’re certain to stay ahead of the competition. That is how a trader should begin their journey. Patience & attention to details are vital in this field. The more time you spend on educating yourself, the better you get. Education is an important aspect among others that influences investors’ performance and risk-taking ability. Most importantly it offers them a solid boost in confidence to jump into the market ...

Proper Training Is A Must Before Investing In The Stock Market

Who taught you about wealth management? Did you learn wealth management: From school? From friends? From parents? From books or seminars? From university or college? ANSWER: Usually through OSMOSIS – from a combination of the above!Most people learnt about money and/or wealth management from their families (tradition). Unfortunately, the mistakes are passed on from generation to generation. 90% OF WEALTH MANAGEMENT ATTEMPTS BY FAMILIES ARE THROUGH “TRIAL & ERROR” METHODS. MUTUAL FUNDS – Due to the failure of spouses understanding their RISK TOLERANCES, the easiest way (with the ability to ‘blame someone else’) is to find a Financial Planner to take the responsibility of managing the family’s INHERITANCE. No regard to RETURN versus COST is considered. MULTI-LEVEL MARKETING – jumping on the bandwagon LONG after the wagon is gone. Building ‘legs’ & trying to sell the product (usually SOAP) to friends and family is not a winner. NETWORK MARKETING –...

Top 4 Myths Associated With Stock Market Investment

A lot of investors speculate whether they should invest in stocks. Analysis of facts is of primary importance instead of blindly accepting common myths. Here are the top 4 myths associated with stock market investment. Stocks only perform well during strong economics: Not all sectors perform ‘badly’ in slow economies. For example, even recessionary times Canadian financial institutions perform well because of their monopolistic status.   You need money to make money: This is yet another most common stock market investment myth. Many people assume that they cannot start investing until they’ve a lot of money. But this is not the case. You don’t need to be a millionaire to start investing. The rule of 72 proves that the doubling of your investment (RRSP & TFSA) creates wealth. https://www.investopedia.com/ask/answers/what-is-the-rule-72/ Investing is simple, just buy low & sell high: Most of the non-investors thin this way. They assume investing ...