The best thing to do before we start investing in different investment vehicle is to begin with allocating our time to Learn. You should feed your mind with related information you needed to grow your Financial IQ . If you are venturing in the world of Stock Market, read these 6 pointers before you start doing it.
1. Understand Stocks and Stock Market
Stocks are shares of ownership in a corporation. The stock market is a place where stocks are bought and sold. The Philippine Stock Exchange (PSE) is the corporation that governs our local stock market. People buy or invest in stocks to benefit from a company's tremendous value potential over time. Once you buy or invest into a stock you now become part owner or a shareholder of that particular corporation.(1)
- 2. Why Invest in the Stock Market?
- History has proven that investing in quality stocks can provide greater returns than most investment instruments. This offers you the best chance in achieving your financial goals and gives you the ability to later enjoy the benefits of your money working for you. The track record of the stock market also shows that a good basket of stocks climb more often than decline - reducing risk over the long-term. Another reason why stocks can outperform other asset classes is because it can compound the value of your investment. Companies can reinvest the profits they make to generate even more profit. Moreover any dividends you receive can also be used to buy more shares and thereby enlarging your overall value as well.(1)
- 3. How to make money in stocks?
- Shareholder can participate in the company's growth and success through stock Price Appreciation and by earnings Dividends.
- Capital or Price appreciation - is an increase in the market price of your stock over time brought about by an increase in its potential value and the demand to buy its shares. The faster a company can grow, the faster its price can appreciate.
- Dividends- when the company gain profit, they issue in cash or in additional shares of stock as a means for shareholders to share in their distributed profits,
- 4. Choose your Online Broker
- A broker is one employed by a member firm of a stock exchange, who buys and sells stocks and other securities for customers. And instead of calling a stockbroker or visiting a bank branch, many routinely do trading and banking online. As technology innovates, the system in Stock Market investing also upgraded. We can now trade via online. Bo Sanchez, who's known and the most influential people nowadays in this field recommend COL Financial Group, Inc. to pick in opening your account in the Stock Market.
- 5. Study your Online Broker
- If you'll choose COL Financial Group, Inc. (COL) read its profile here. You can read it as an example. Disclaimer, I don't have any connections to this group or paid to promote their company.
- COL Financial Group, Inc. (COL) is the fastest growing online stockbroker in the country today with over 100,000 customers and Php 55 billion in customer assets established in 1999. COL being the #1 Online Stockbroker in the Philippines prides itself in making investing in the stock market for everyone by sharing its knowledge and market expertise through its user-friendly online trading platform. This offers access to expert opinion and comprehensive research to help the investor take advantage of stock market opportunities. In addition, continued education is developed through readily available seminars. Dedicated customer support is also provided to guide customers in their investment decisions. COL believes that Your success is Our success. (1)
- 6. Prepare to Open your Account.
- If you decided and chose your Broker then go to their site and check their requirements. Download their forms and know their contact information. In my next article. I'll be discussing the steps in Opening Account in COL Financial Group, Inc. You'll now heading to the real world of Stock Market. Keep going!
- PS. Be a smart stock investor. Get Fundamental and Technical Analysis from PinoyInvestor! SIGN-UP for FREE. Click HERE
- PS1. Join Truly Rich Club of Bo Sanchez and receive His personal guidance in Investing as well as in your Spiritual Growth. To learn more about it, click here!
- Reference:1. www. colfinancial.com
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