I recently dabbled with on stocks. very low initial capital only. I’m determined to learn from this experience and slowly but surely turn it into a portfolio worth millions.
I consider stocks having the highest potential returns but of course with high risk as well. But my belief is that if you do your homework properly, you can’t go wrong with stocks. Well, withstanding any calamity or God’s act of some sort.
There are generally two approaches to stock investing:
1) Fundamental analysis, which involves understanding the financial numbers of the company and then valuing the company.
2) Technical analysis, which involves looking at trends and understanding the market sentiment on the stock market.
I want to approach this using both ways. Currently i do neither. I merely have a general idea of the company, its future plans, and is updated on its recent plans and earnings annoucements.
I will eventually get to doing serious homework.
Its amusing how you can make quick but rather small money when you time it well.
of course, the bigger your stake, you can make good money if you sell your holdings nicely.
it sure beats the 1.08 peso interest i earned last month on some savings accounts.
Eventually, some of my stocks will be for long term hold while some will be for trading purposes only knowing they fluctuate quite nicely.
my only advice is play the stock market only with your spare money, i.e. your investment money.
as for me, i make sure a part of the paycheck goes to this game called the stock market.
Posted by philippinebusiness 