It's weekend again!
Here I am again to share my experiences and technical learnings about stock market investment. Like I said in the previous chapter, this is my commitment to every Filipino as part of the vision and mission of Bo Sanchez.
We're now on Stock Market Investment Series: Chapter 2 - How did I prepare myself to start investing in the Stock Market?. As I have mentioned in my previous discussion, Chapter 2 will be about the platforms and sources of my knowledge about stock market investment. Afterall, education is the key.
It is true that stock market investment is a risk. People say, if you have strong risk appetite, then this is for you. But the way I see it, any kind of investment involves a certain risk. It's not about how strong your appetite is toward risk but how determined and motivated you are to get to your goals that matters.
When I started investing in the stocks, I was just dependent on the information that was verbally fed to me by a single source. I care less about the outcome of my investment. I didn't take it seriously in the beginning. However, I met someone who taught me of the great potential of investing in the stock market. She motivated me to learn more about it. That was when I decided to do a research for myself.
The sources I came across as really helpful, educational and engaging are:
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Investagrams
Investopedia
Bloomberg
This platform provides a comprehensive stock market experience. It helps explain how stock market works and how to start.
It has virtual trading feature to allow beginners to try trading without any cost. It helps to understand how trading works and to build trading strategies to maximize profit.
Investagrams also has stock details for every company that's listed in the PSEi - including price, %change (daily), volume of investors, the traded value and others.
It also has fundamental analytics to help investors decide whether to buy, sell, or hold particular stocks.
Another important feature of Investagrams is its Historical Data. It provides the companies' stock price details over time - from the Initial Public Offering (IPO).
And lastly, the candlestick chart! I find this very helpful in checking the stock status and support price.
These are just a few of the analytics features of Investagrams . On top of it all, it is also an interactive platform. Investors can communicate through it. Anyone can post, or comment about certain company's update and status. People are friendly enough to walk you through and educate you on certain technicalities you need to know about stock market investment. It is a great way to learn from other investors' experiences.
Investopedia is the largest financial education website in the world. Powered by a team of data scientists and financial experts, Investopedia offers timely, trusted and actionable financial information for every investor, from early investors to financial advisors to high net worth individuals. Investopedia is operated by IAC Publishing, a collection of some of the web’s largest and most trusted digital media brands.
This platform is where I was, and still am continuously, educated about technical terminologies that I didn't understand before. It has helped me grasp the fundamentals and the basics before I headed on to the more challenging aspects of stock market investment.
It also provides news and updates about current stock issues - both weaknesses and strengths. The difference between Investopedia and Investagrams is the market they cater to. Investagrams is more focused on the Philippine Stock Exchange (PSE) while Investopedia has a wider range - the international market.
Bloomberg is a major global provider of 24-hour financial news and information, including real-time and historic price data, financials data, trading news and analyst coverage, as well as general news and sports. Its services, which span its own platform, television, radio and magazines, offer professionals analytic tools. One of Bloomberg's key revenue earners and what it is well known for is the Bloomberg Terminal, which is an integrated platform that streams together price data, financials, news and trading data to more than 300,000 customers worldwide.
Bloomberg also offers international market perspective similar to Investopedia. The feature I find interesting in Bloomberg is its capability of showing specific International Market such as Asia.
I also joined in certain online forums and Facebook pages on stock market investments, such as Bloomberg Philippines, to comprehensively monitor and get updates about the stocks I am holding, the PSE index and the Philippines economy, in general.
I hope I have provided you with relevant information for this week as to how you can educate yourself further before starting an investment in the stock market. Like I said, education is the key. Learn the basics and fundamentals first. Prepare yourself before you put your hard-earned money to work.
I hope you continue reading my weekly updates on the Stock Market Investment Series. Next week, I will talk about Chapter 3 - How did my Stock Market Investment changed my dispositions in life?.
It will be about how investments made me more responsible with handling and managing my finances. Until next time!