Invest With Confidence, Not Fear
Whether you are a beginner investor or someone who has had experience but suffered some financial losses in the past as I have, getting rid of the fear of investing is the key to building your future nest egg. Below are some tips on why and how you can start investing and knowing where to get started.
Grow your portfolio with compounding interest or dividends
Earnings from some of your portfolio holdings may earn interest or dividends that could be used to invest in more shares thereby helping you to grow your portfolio. For example, let’s just say you own a share of a stock that is worth $30/share and you currently own 100 shares. The value of your portfolio is $3,000. If the dividend is $3.00, then you can use the $3.00 to purchase another 10% of one share thereby giving you 100.10 shares in that portfolio
Best Online Stock Trading Tips for Beginners Regularly rebalance your portfolio – Diversify Don’t get into the trap of holding a portfolio that is too stock heavy when the stock market is up (bull market) or, having too much in bonds during a bear market. Rebalancing your portfolio regularly will insulate the risk of purchasing too many stocks at a very high cost.
Invest for long term One of the biggest mistakes I made in the past is to sell off my investments as soon as the value declined. Since none of us have a crystal ball, we should not attempt to time the market.
Choose the trading site suitable for you Whether you’ve never invested before and just need some investing experience by playing with virtual cash (not real money) or is a seasoned investor, using the right online trading platform is a very important aspect to your success
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Happy Investing!