Stock investment

Claraviolet

Member
BizNotes
470
I have read many sad stories with respect to stock investment before.

So, I just can't bring myself to look more into it. It's so easy to lose whatever you have earned so far, if you are not careful. So, I would like to understand the basics of stock investment. I have read couple of articles before and I have come across some apps which can track the progress too.

Do you think it would be a good experience, to start using an app for stock investment? Kindly, give me some advice and necessary tips. Thank you all in advance.
 

jyy

Member
BizNotes
1,001
I would look online for something on the basics. Myself, I read a book back in the 2000s that was interesting. Nonetheless, I didn't get started in stock investing as no capital then.
 

Claraviolet

Member
BizNotes
470
I would look online for something on the basics. Myself, I read a book back in the 2000s that was interesting. Nonetheless, I didn't get started in stock investing as no capital then.
I did look for information before.
It's just that I have heard of too many people losing money because of these investments before. Some faraway relative of mine had done the same too.

He lost his house and land and even now, most of our relatives talk about him and how they shouldn't do anything like that. Things like this can make you very hesitant. I have started my career like 4 years ago. So, I don't have too much to invest but I would like to start something I suppose. I will try to get more knowledge before doing this. Thank you!
 

Lämmchen

Member
BizNotes
566
If you're going to start investing in stocks you need to only put into your investment what you can afford to lose. The market goes up and down right now because of the covid situation so the risk is pretty high and uncertain whether you'll be able to make a profit. Buy Low, Sell High is the goal but you can't force that to happen.

Find an online stock broker to work with that won't take all your profits through fees and commissions.

Have you started a spreadsheet to monitor some stocks you're interested in purchasing? Look for trends and maybe the brokerage site has those stats for you?
 
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