Friend, that doesn’t need to be your story. You can have a more rewarding plot.
You can be part of the 15% who make money in the market with so much less investment of time and energy and neurons and attention.
Save as much as you can as soon as you can.
We’re investors, remember? Traders may have big, but limited, capital. They would need that big money for their risky plays.
But it’s not (yet) our case.
2. Be sure that the money you’re putting into the market is your “free cash”.
What is free cash?
It’s a cash that’s free (gosh, you see I’m so exceptionally brilliant!)
Free cash means money you set aside for your long-term investment.
You won’t invest in your favorite company today and withdraw it next week to pay for your apartment. That’s absurd for beginners.
You leave it for some time, for long-term.
What is long-term? A year or five or ten or twenty years!
3. Know your investments.
I’m sure you have friends. They are the people to whom we invest our time, energy, patience, and sometimes resources (I see you nodding huh…) Your investments are like your friends. (I actually believe that our friends are one of our greatest investments in life.)
I’ll say again what you might have been hearing many times – “Do not put all your eggs in one basket.” By doing this, we lessen the effect of potential unfortunate surprises. You see, diversification is a form of protection from unforeseen disasters.. Try to maintain a portfolio of at least three to five good stocks. Do not also try to invest in too many companies, as you’ll equally lose focus and easily go astray. You want it balanced and going smooth with less hassle and complications.
Finally, you want to be in control of your investments, so you’ll definitely need a plan to execute it. Check your brokers’ analysis (yes they give it for free!), make your plan from that, and stick to it. Then see through time if it needs to be adjusted and realigned for your goals.
Unless you’re a full-time trader, we leverage on the expertise of our brokers who have devoted practically all their life to give reliable researches to us clients. Be sure to use that blessing. Just don’t forget to make your assignments though.
There you have it. Just keep disciplined and persistent and you’ll someday reap the sweet fruits of labor of your money for you.
Have fun investing!
PS: The TrulyRichClub has just advised its members to sell their ALI shares thru its Stock Update Alert. This is after ALI has reached its Target Price of P21.65 (or at least close to it). If you’re a faithful member of it last year and consistently invested since then, you would have enjoyed around 35% nice profit!
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