Title: Best online stock trading tips for beginners
1Invest With Confidence, Not Fear
- Whether you are a beginner investor or someone
who has had experience but suffered some
financial losses in the past as I have, getting
rid of the fear of investing is the key to
building your future nest egg. Below are some
tips on why and how you can start investing and
knowing where to get started.
2Grow your portfolio with compounding interest or
dividends
- Earnings from some of your portfolio holdings may
earn interest or dividends that could be used to
invest in more shares thereby helping you to grow
your portfolio. For example, lets just say you
own a share of a stock that is worth 30/share
and you currently own 100 shares. The value of
your portfolio is 3,000. If the dividend is
3.00, then you can use the 3.00 to purchase
another 10 of one share thereby giving you
100.10 shares in that portfolio
3Best Online Stock Trading Tips for Beginners
Regularly rebalance your portfolio
Diversify Dont get into the trap of holding a
portfolio that is too stock heavy when the stock
market is up (bull market) or, having too much in
bonds during a bear market. Rebalancing your
portfolio regularly will insulate the risk of
purchasing too many stocks at a very high
cost. Invest for long term One of the biggest
mistakes I made in the past is to sell off my
investments as soon as the value declined. Since
none of us have a crystal ball, we should not
attempt to time the market. Choose the trading
site suitable for you Whether youve never
invested before and just need some investing
experience by playing with virtual cash (not real
money) or is a seasoned investor, using the right
online trading platform is a very important
aspect to your success
4Happy Investing!
Millennial Money Minute
Thank you for reading this article, each
Millennial Money Minute reader is appreciated so
much here! Your feedback means a lot, so comment
below with all your thoughts. Looking forward to
hearing from you.
https//www.facebook.com/millennialmoneyminute/
https//twitter.com/millmoneyminute
https//www.instagram.com/millennialmoneyminute/
https//www.pinterest.com/millennialmoneyminute/