subject: Don't But Stocks Without Research [print this page] In these times you have to be smart about investing your money. Whatever you decide to invest in, do plenty of research first.
The trading activity of a successful financier will always search for opportunities to make money from the ups and downs known as stock exchange volatility. They mostly look for corporations with a proven past record. This action means stock market investing is not simply a random game, you have to know what you are doing.
The internet has changed stock investing. You never need to go to a banker or a stock broker. However, do not start investing on line until you have done all the research you can.
You may not see yourself as a financier; or even much of a player in the stock market. But, you could be. Yes, you will risk losing cash, yes, you'll risk working dull hours for no reward, and certainly there is no warranty of certain success.
Would you find it interesting to spend time trying to discover as much information about a company and its history as you can? Can you be patient and not rush into buying until you have all the information you can get?
Without rsearch you run the risk of getting into a market that is no longer viable, that has seen its day. Don't follow the crowd. Be the smart one and get ahead.
Work out your money affairs and be coldheartedly strict about what you can and cannot afford to put into an investment.
Get on your computer, and learn all you can. There is lots of information there. Search it out.
The 3 things you need for financial success are: Attitude. You must want to succeed badly enough to stick with your goals. Two is learning, which you get with research. Number three is the discipline that will keep you studying and researching over and over again. And the discipline to have patience and not take foolish risks.
