Some people choose to invest in the bank. Some people choose to invest in real estate. Some people choose to invest in life insurance. Some people choose not to invest in anything. Last Monday, I chose to invest in the stock market. It took me a year before doing so but now that I finally did, I only have high hopes and aspirations.
I decided to invest in the stock market directly through COL Financial (www.colfinancial.com), an online broker. This way, I get to have more control over my money and less fees to pay as compared to when I invest in the stock market indirectly through mutual funds. Just to be clear, I have nothing against people who invest in mutual funds. I even think they have an edge because their money is managed by financial experts. I just prefer an online broker over a traditional broker, that’s all. Plus, I like the accessibility and convenience it gives me.
Continue reading “Investing in the Stock Market, Finally!”
I happened to get a copy of Bo Sanchez’s e-book entitled, “My Maid Invests in the Stock Market…And Why You Should, Too!” I read it last week and learned some good investment-related wisdom. It even made me want to invest in the stock market pronto. I think I’ll get to that sooner or later. For now, I’ll save up more money first.
Bo Sanchez’s explanation is pretty plain and simple. He made me understand how the stock market works. He made me find out how I too, can earn money from it. Just like what his three domestic helpers do at present. However, I still have a lot of questions left unanswered. Things like, how long should I keep my shares in a certain company for it to be qualified to earn a dividend? Or how much money should I invest in the stock market for me to gain an average profit? Or how long would it take for me to really gain a profit?
Continue reading “Learning About the Stock Market”