-A beginner guide - step by step strategies for investing
If you don't have a stock investment or you've never invested in the stock market before, the process can be daunting. Stocks are different from savings accounts, money market funds, or certificates of deposit because the stock value can suddenly go down in value; in that case, if you are holding some stock investments, the value of your stocks can significantly reduce. Though it is a known fact that stock prices can go up or down at any moment in time without notice, people have achieved financial independence through stock investment. If you are a newbie in stock market investment, without sufficient knowledge of investing — or your judgement can be overshadowed by emotions — you can lose a substantial amount of your investment or even all of your investment capital. So it is important to learn the basics of how to invest in stocks. If you go through the following steps, it will guide you to becoming a smart investor.
Step 1. Determine Your Investment Goals
Step 2. Put Some Money Aside
Step 3. Get Some Investment Education
Step 4. Open a Retirement Account
Step 5. Start Investing with an Online Service
Step 6. Begin with Mutual Funds or Exchange Traded Funds (ETFs)
Step 7. Stay with Index Funds
Step 8. Use Dollar-Cost Averaging
Step 9. Invest in Individual Stocks little by little
Step 10: Focus on the long-term
Step 11: Manage your stock portfolio
This book is your number-1 key for starting a stock market investment with little money.