The stock market is a source ofGuide to Buy Good Stocks - income for many, but there are many pros and cons to this field. It is a myth that stock-market is all about luck.
There is a certain amount of luck but that is in every field. Buying the right stock comes with experience. Some people manage to make money easily at times through stock, but making money consistently is not that easy.
Baca Juga : You Must Know Before Investing in Stocks
There are many online guides and even books available which help you make money through stocks, but no one can guarantee it, as stock-markets have many factors associated with it.
Hence, it is advised to do a proper research before you buy stocks. Making money is either done through stock speculation or long time investment.
Let us discuss some steps which will help you buy stocks.
Research: Before you buy stocks, you must research about the stocks of your interest. You can search online for stocks and make points while deciding your stocks.
Broker and Brokerage: You need to decide if you are comfortable handling your own account or would require assistance from brokerage firms.
A good broker will explain the positive and negative points of purchases which will help you take decisions whenever required. It is advisable to compare brokers and brokerage schemes before you zero in to an appropriate broker.
If you need a brokerage firm to purchase stocks on your behalf, go for firms which explain and can give regular advice. Good brokerage firms may charge you a slightly bigger amount but it helps in the process.
Review Statements Periodically: This is one step which people either don't know or skip. Statements reflect your performance so keep checking these in detail to understand the process. Keep a track of your account's performance.
Meeting or Taking with Your Broker: How many of us meet our brokers or talk with them regularly? It's not often that you get a chance and you may even give the standard excuse of lack of time.
Meeting your broker helps in building a positive relationship which eventually helps both the sides. If you are busy with your schedule, you can talk with your broker via phone to check updates or if you want to get something explained.
The above steps may appear simple but need a lot of dedication from the investors