0936211399 HOTLINE Stock market is often portrayed as a way to earn easy money. However, investing in stocks requires discipline, patience and a structured approach. It also requires patience and a long-term investment horizon.
It’s easy to get lured by the promises of speedy returns or a quick fix but the reality is investing in stocks can be a long process that involves a lot of fluctuations and ups. Long-term investments can provide substantial benefits. So, to assist you get on the path to success Here are a few share market tips for novices that you must keep in mind before starting.
Don’t be a Jack of All Trades
A common mistake among new investors is to jump from one investment strategy to the other. This can be a costly error, especially for those who are learning the techniques. For example, some novices try to be a “jack of all trades” by converting from selling and buying short-term investments (options and futures) to investing in US stocks. However, this method is risky and costly because it involves a lot of charges for transactions, exchange rates, and costs for conversion of currency.
Instead, stick to one investment strategy and focus on the long-term performance of the company’s stock. Avoid overreaction and focusing on immediate events. Keep track of your portfolio every quarter or when you receive quarterly reports. Most important, don’t be caught up trying to find the next big thing.
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