Greetings to Investing Basics! If you’ve landed here, it’s likely because you’ve set aside some funds and are gearing up to delve into the world of investments. Regardless of your motivation, it’s commendable that you’ve initiated your investment journey with thorough research and study.
So, why is investing a smart idea?
Lots of people want to invest to make more money. It’s not too hard, and you can get a lot of rewards if you do it right. If you invest smartly in the stock market, you can make money without doing much. This extra money can make your life more comfortable and fun. It’s especially great when you reach a point where the money from your investments gives you the freedom to do what you want.
Nowadays, there are many good articles and websites on the internet that talk about investing. We’ll guide you to those resources when it makes sense, and we’ll highlight the important things that all investors should know. We’ll also focus on the info that matters most to you as someone who invests in stocks.
Where do you go from here?
1. Know your goals
What are you saving for? A new house? A luxury car? Kids education? Retirement?
It is important to set your goals so that you know your time horizon or how long you need to save or invest (assuming a specific return rate). Here is the 3 key advice that will work you:
- Start early
- Make regular investment
- Be patient
Let the Power of Compound Interest do the magic to grow your investment.
2 Do your homework
In life, one should never stop learning. In investment, the same theory applies.
Here is a list of the most important things to learn before investing in the stock market:
- Find out the rules & regulations of the stock exchange that you plan to invest
- Understand market and investing terms
- Keep abreast with latest market news
- Read investing books and blogs
3. Prepare to invest
Now you have the understanding of the risks and rewards of investing, you may be keen to begin investing. Firstly, you need to identify a broker to open a trading account before you can trade in Bursa Malaysia.
Check out our Brokers Comparison page to find the broker that offer the best deal to suite your trading style.
Next, it is always a good idea to research on a stock before you buy into the stock. The following is a list of useful pages in the GGAPUPP portal to help you with the research on a stock:
- Check out the Stock Quote and Announcement
- Check out the Price Target of a stock
- Setup a Watchlist of your targeted stocks
4. Monitor and improve
Once you’ve make your first purchase, set a target price on when to exit (sell) your stock, whether its a gain or loss. Record all your transactions in an Online Portfolio to monitor its performance.
You should continue to keep yourself updated with the company performance and growth, as well as market condition in general, as those will impact the price direction of your stocks. If you chose to adopt the Buy and Hold investment strategy, you should ignore the noise and the short term volatility of the market, and focus on the long term growth of the companies you invested in.
Whichever strategy you chose, do stick to it for a while, continue to read, and treat every transaction as a learning experience.
Finally, at GGAPUPP, we wish you luck and all the best in this exciting and potentially rewarding journey. We hope you will continue to use this portal for your investing news and tools. Please share it with your friends if your find this portal useful.
Very Good Article for Beginner Investors