Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,162,499 members, 7,850,729 topics. Date: Wednesday, 05 June 2024 at 08:12 AM |
Nairaland Forum / CreateWealth20's Profile / CreateWealth20's Posts
(1) (of 1 pages)
Investment / The Truth About Investing In Foreign Stock by CreateWealth20(m): 9:16am On Feb 06, 2021 |
LESSIONS ARE IMPORTANT FOR ALL * Stocks is a game of volume. The more units of shares you have in a stock, the more profits you get. * At times, it is better to cut your losses (especially when you believe the money would serve you better elsewhere). When to cut losses is based on your gut feeling I can’t teach you that. Follow your inner conviction. * Occasionally move money around. When you have gained so much from a stock, you can decide (if you wish) to end your union with that stock and put the money elsewhere. * Always deposit money in your portfolio You can’t build wealth from the stock market with ONLY $100 You need as much money as possible Start with what you have, but occasionally add more money. * In football, “attack is the best form of defense” In stock market, “available cash is the best form of defense” Stocks would always dip at a stage, so that is the time to always “buy the dip” thereby feeding your winning stocks. * Patience is underrated Patience is underrated Patience is underrated (there is a reason I said this 3 times…e get why) * Always have a strategy Know why you are buying a stock and how long you intend keeping it Always do what works for you. * Success in the stock market is not in quantity but in quality It is not in having “many stocks” but in having prolific and winning stocks. * Don’t be too “emotionally attached” to any stock Be willing to “let go” if the opportunity presents itself. * Don’t be in a hurry to sell. * Don’t put all your eggs in one basket Also, over-diversified stock picks would weaken and slow the growth of your portfolio. |
(1) (of 1 pages)
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 6 |