As of this writing, I have been investing in the stock market for more than two years already . Since then, I have gained an interest of my money I put 100x more than a bank can offer in the same period of time. Moreover, I’ve discovered that investing in the stock market is not that all complicated like most people think. Perhaps, when they hear about the stock market, they would imagine a crowd of brokers facing a wide screen where stock prices of publicly listed companies are shown; or someone who has three to five monitors in front of him observing the rising and falling of stock prices of different companies and figuring out when to buy and when to sell. This is true for some, but not all. These people I was talking about are full time traders. They work eight hours a day in the stock market. That’s their job. They are being paid to do it. How about us? We can’t have all that time needed to monitor the movements of the prices since we have our own day job too.
So, what’s the solution?
To invest, and not to trade. Investing is long term and doesn’t need constant monitoring. On the other hand, trading is short term and needs closed monitoring.
How I started?
I hadn’t had any idea about the stock market until I attended a get-together about it. A certain CFA (Certified Financial Analysts) came to Cebu and conducted a short seminar on money management. At the end of his talk, he mentioned about investing in the stock market. More than two years ago I thought this kind of stuff is only for those who have millions in their bank accounts. In this short seminar my view of the stock market abruptly changed and I found myself excited and determined to invest as soon as possible. The next day I started researching about it and I was led to a book by Bo Sanchez entitled,” My Maid Invested in the Stock Market.” I read it and my whole perspective about investing in particular dramatically changed. I couldn’t wait to invest.
I opened an account in COL Financial, the biggest online brokerage at that time and I think it is still as of today (if I’m not mistaken). When I bought my first few stocks, I felt exhilarated. “Wow! I’m now a shareholders of big companies”, I told myself. Then my journey of learning about the stock market started. I read many books and blogs that are related to it. Since then, I have been learning new things about it.
How about you? Have you started investing already?