Stock Market Tips For Beginners www.marketanytime.com/generated-post-2/ Even though the stock market can be a place of uncertainty There are tried-and-true strategies that will help you increase your chances of long-term success. Investors should first determine their financial goals. For example saving for retirement, buying a home, or funding the education of your children. This will help them decide on how much money to invest and what kind of investments are best for their needs. Prioritizing the building of an emergency fund or paying off loans with high interest prior to investing heavily in the market is also a smart idea. Start small and increase your investment over time as you get more experience. One of the biggest mistakes newbies make is trying to time the market, Keady says. “Nobody knows the exact right moment to jump in,” she adds, noting that the best approach is to make a long-term investment and stick with it even through the tough times. When you’re beginning your journey investing, you should be focusing on stocks of companies you are familiar with. As the legendary Fidelity Magellan fund manager Peter Lynch famously observed that you have a greater chance of winning when you bet on companies with a solid track record and solid growth prospects than attempting to predict the future. Avoid online forums and ads that promote stocks that have a high chance of success. In many cases, they are part of a pump-and-dump scheme where unscrupulous people buy shares of a sluggishly traded firm to boost the price and then dump their shares to fund their own pockets.
