Money makes the world go round, they say. That means we have to be really smart about it. We all want to make more, but we have to make sure we do it right. Get-rich-quick schemes are always out there, waiting to entrap those who believe their outrageous claims. Many attempt them in hopes of making it big. Sadly, these attempts end up with them losing their hard-earned money. Often, this is money they worked hard for through several years.
In the world of finance, there are only a few ways one can have his money grow passively. None of them can double your money in a week (except in very, very rare circumstances). But they are successful in making your money earn for itself. One of the most well-known among these methods is stock trading.
When most people hear the words “stocks” “stock market” “stock trading”, and “stock exchange”, many of them either shake their heads or blank out. Maybe they’ve heard too many horror stories about it and think of it as a scam or a gamble. Or maybe they’ve heard about it, but they don’t really understand what it is.
You don’t have to be rich to play in the stock market. In fact, if you have at least Php 5,000 or even less, you can easily join the trading floor. Online platforms like COL Financial, BPI Trade and BDO Securities (to name a few) also let you trade in the comfort of your own home. All you need is a computer and Internet access.
The thing that you really need above all else is the proper know-how. It is true that many people lost their livelihood through the stock exchange. That happened because they were not able to completely grasp the ideas of the stock market. Those who successfully learned the basics (and applied these learnings) moved on to make stocks a lucrative financial instrument. If they can do it from scratch, so can you.
I am inviting everyone to read Guide to Investing in the Philippine Stock Market. The article is meant to give you the lowdown on stock trading, starting from just Php 5,000 or less. Know the ins and outs of the stock market, as well as the strategies you can use. You will also learn how to avoid the most common mistakes that will endanger your investments.
If you have money to spare and time to read the article, you are well on your way to becoming your own financial boss. Quit the employee mentality of earning a living until you retire.
Welcome to the magic of investing in stocks, and see how your life will change.
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