The stock market is one of the best ways to generate a passive income. That’s why many wealthy people are involved in this market, either directly or through managed funds. Unfortunately, many inexperienced investors end up losing in this market.  That’s because they get into it without a good understanding of how it works. To help you make the most out of the stock market, here are 5 tips to investing in stocks for the 1st time.

 

1. Find a low cost broker

One of the things that hurt individual investors in the stock market is brokerage fees. For you to make the most out of it, you need to find a trading platform that has low commissions and fees. One of the best platforms you can look to when seeking low fees is tradedirect365. This company has some of the lowest brokerage fees in the market. To learn more about them, you can check out their website at https://www.tradedirect365.com.au/.

 

2. Use low leverage

Leverage is one of the reasons why many people don’t succeed in the stock markets, and in all other financial markets. That’s because people tend to use high leverage in a bid to make lots of money in a short time. This is the wrong way around it, because you end up losing everything when the market moves corrects, and it always does.  For you to make money in the stock markets, you need to lower your leverage, and aim for long term consistency, not one off supernormal profits. Besides, when trading with low leverage, you have a lower emotional attachment to the market, which is good for decision making.

 

3. Diversify your portfolio

Warren Buffett always advises individual investors to put their money into index funds. That’s because an index tracks the entire market rather than betting all on single stocks. It is best for you to go by this advice. However, even when trading for yourself (cherry picking stocks), make sure that you distribute your money across different stock counters, and industries. This helps protect you in case one stock or industry underperforms.

4. Understand the basics of finance

Before you put you put your money into stocks, educate yourself on the basics. For instance, you can train yourself on financial ratios, as well as on the different strategies that are used to trade the market. This can go a long way in improving your decision making when choosing stocks, which in turn translates to higher probability of profitability. In fact, basic education in finance should be the first step you take before you invest in the stock markets.

 

5. Invest for the long run

The greatest blunder that newbies make in the stock market is to approach it like a casino, where they get in for a quick buck. That’s a loser’s mindset in the stock market. For you to make money and do so consistently, invest for long term value growth. Even Warren Buffett, the world’s most successful investor, has accumulated his net worth over more than 50 years of investing. Having a long-term approach allows you to stay focused even in times of market uncertainty.  

We’ve been on a tight budget now as we are looking forward to some more expenses to incur in the coming months. I am bit worried as we don’t have enough savings. So I am looking around for other means how to generate an added income for the family, we have been long considering to buy gold coins as an investment.

I’ve been reading a lot of positive feedback about it. So I guess I need to make a careful study on how things work around and be able to apply it on our future business investment as well, been looking around at United States Gold Bureau For every business, one must be able to take risk. So I am crossing my fingers on it. Hope things turn out well.

Gold is the main element that made up gold coins. It has been specifically made due to its intrinsic value. It has been long used as a for m of money during the ancient times but was disuse and the making of gold coins was stopped during the economic crisis then.

To this date, gold coins are primarily for collectors and investment purposes only.

The value of of gold coins depends on different factors such as age, rarity and condition. It is said to be that the older the coins are the better chances to have a greater terms in value. Investors buy gold coins with the expectation that the value of it will increase over the long term. It said that gold has passed the test of times. With it being in the market since ancient times, had its strong characteristics in the market value.

A few more days and we’ll be saying goodbye to 2010. It’s time once again to reassess our plans and goals for the coming year. 2010 has been a good year for us, I am positive that the coming year will also be a good one for us in every aspect and that includes in the financial terms.

We aim into taking  investment on a serious matter this time as we’re done with some major expenses. We’ll see if we can buy gold coins as part of it. Since Gold has been recognize since ancient times as one of the top form of good investment in the market with its increasing value. I just hope that we could push through with all of our plans without any glitch.

I can say that year 2010 is a fruitful one for me. We were able to cope up financial wise. Thanks to the out pour of blessings in my “online career” and glad I was able to balance my work between my day job and online tasks. This year, we were able to buy some home appliances, we’re able to fund some home repairs (house painting, bedroom and bathroom makeover plus other house fix here and there) most of all we were able to send the kids to a good school.

All of these wouldn’t be possible without my hard earned blogging money. Big thanks to some online friends who were able to share their blessings as well. I may not able to buy the laptop that I have been dreaming on to buy since three years now, I could say that sleepless nights were all worth it.

Now moving on with our plans for next year, I hope that it will still be the same level of good financial standing. If not, make it more fruitful and productive than this one. We are aiming on getting down into a more serious business investment, we could buy gold bullion if budget permits we would further study the ins and outs of trading gold in the market. We hope are also hoping that we could push through with the food business that we have been long conceptualizing.

DH and I were on our way to the mall last weekend for little shopping when we saw a bunch of people gathering in one corner of the street, I thought there was an accident or something.

But it happens to be that somebody were selling some old stuffs that he claims as some old monetary bills, old coins that some of them seems like that of a gold coin, but I doubt on its authenticity of course! and other stuffs that are as good as old memorabilia.

Had I wanted to invest on gold, I would definitely check out on United States Gold Bureau that has all the necessary useful info about gold and anything about it. Beneficial to investment and other purposes.