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It’s 2018 already, have you made your new year resolution for this year? Or you made a new year resolution to follow the trend of many during new year? If you asked me if I have? No, I don’t have a new resolution but I have a Goal. Are your Goals for this year including on how you can multiply your income? I hope it will. One of the best Goal for this year to start is by multiplying your income through saving and investing. Saving is different from investing. Saving is you put your money in a safest place where you can access your money any time, your money in savings has a lower return of investment. Investing is you allow your money to work for you although it has a higher risk but it has also a higher chances of higher return of investment. Stocks are good investment, but it is riskier to the beginner. All kinds of investment have risk no matter how big or small kind of investment you had. We can lessen this risk if we have enough knowledge on the investment that we are going to pursue. One of my friend asked me, When is the right time to invest in the stock market? Stock market had no perfect timing because even a single second it will fluctuate either it’s trend will up or down. The best time to invest is today.
As Robert Kiyosaki said:
Don’t let the fear of loosing be greater than the excitement of winning.
When I started my journey on the stock market, I also started with nothing. No knowledge about stocks, No knowledge on where should I invest my money, All I have is the willingness to take risk and to invest my money. I heard about stock market in the mid of February then by March last year I decided to open my account in my chosen broker. My expectations on that time when I invested my money it will automatically grow, but expectations is really different from the reality. In almost four months of exposing myself in the stock market my money will almost down by 20%. But For me it’s not a loose it is a happy failure because I learned a lot from my ignorance. Don’t be afraid to loose, loosing is just temporary as long as you learned from your mistakes. Don’t wait for that perfect timing to come, decide to invest today. Imagine, One of my stocks I bought when I was started investing in stocks is the SMPH(SM Prime holdings).
What would you feel when you open your portfolio and seeing that almost 30% return of investment? What if I invested it 2 years ago,probably my investment will have a 40-50% ROI nowadays. The earlier you invest, the higher the return you’ve got. Invest on the company that you think 20 to 50 years would still exist. Stock market don’t have a beginners luck, If you are only speculating on the market there is a big probability of loosing you’re money.
Here is my E.N.G.R. Guidelines on investing.
Educate yourself.
Never stop learning.
Get rid of stagnating thoughts.
Risk are not all bad it can be an opportunity to grow.
Anyone can be a successful investor in the stock market, be committed with your goal to become successful in investing in the stock market. There is no shortcut of success we need patience, sacrifice to reach our goal. If this is your goal to invest in the stock market, then, this is the time to start and let your money grow and work for you. Do not just sit down and wait for the right time because there’s really no such thing as a right time.
Don’t only live for today, think of the future, let your money work for you.
Disclaimer: I am not a guru on investing in stock market. The content given on this blog is based on my experiences and understanding about stock market. If you find something erroneous on this blog, please leave a comment below. I will greatly appreciate that. God bless steemians!
Happy Investing..
Dany
