First things first. I’d like to welcome you to Usapang Investment.
So where do you start? Or better yet, your question would be, how do you start investing in the stock market?
Below are the few things to help you getting started.
Earning from the stock market is not easy. If it is, you could have seen many millionaires walking around us earning from the stock market.
Your chances of succeeding in anything is directly tied to how well you know something. Ika nga, to win the game, you need to understand the rules of the game.
Anyway, I highly recommend before investing in the stocks to join our tutorial. And yes, it is FREE.
If you are part already of our stock tutorial, well and good. Just go through our tutorial and follow the plan of action.
We need to be clear why do you want to invest in the stock market. Why?
Human nature is resistant to change. We would love to stay in our comfort zone. Investing in the stock market is something new. New could mean this is something outside your comfort zone.
In face of changes and obstacles, you need to remind yourself of your why to encourage you and to continue.
I’ll give you my why….
So go ahead. Stop and think about your why.
Before you start investing in the stock market, you need to make an honest to goodness assessment of your financial state. I know this would not be a pretty sight to do especially if you have never really taken time to do this before.
I hear some people saying to me, kaya nga ako gustong kumita sa stock market para magka solusyon ang aking finances…
Naalala ko one time, I wanted to train with a coach and play badminton para pumayat. Sabi ng coach, magpabawas ka muna ng timbang bago ka magpractice ng badminton.
“You don’t play badminton to lose weight. You lose weight so that you can play badminton better.”
Same thing with stock. You don’t invest in stock market to fix your financial problems. You fix your finances first so that you can have more money set aside to invest in the stock market.
So how do we do it?
The average interest rate is about 3% per month. For the sake of simple computation (without talking about compound effect), that is a whooping 36% per year. The typical average earning in the stock market is about 12 to 15%. So paying off your credit card debt is like “earning” 36% per year already. I am not talking about paying just the minimum amount. Make a plan to pay for the whole amount.
That is the reason why, it is never wise to invest when you are down in the credit hole much more to invest using borrowed money.
What if you are a businessman with debt? That is an exception. Business debts that are wisely used are good debts. They give business people leverage.
Even if you have a net income of 100,000 per month, it will not help you at all if you spend 101,000 pesos per month. Set a budget and live within your means. I know it is easier said than done.
But that is how success is all about. It is about doing those little disciplines consistently even if it is difficult until it becomes a habit.
Get protected from what? From untimely sickness and event. In the event that something happens to you and (assuming that you are the bread winner of the family), will your family you left behind be financially burdened?
Kung ang kotse nga may insurance, yong bread winner pa kaya ng family? Get a life insurance. If you don’t have a medical insurance, get one too.
The tricky thing about insurance, you can’t buy it during the time that you need it. You buy it BEFORE you need it.
If in case, you don’t have a life insurance and you want to know more about it, I know someone who takes care of her client like no other. I am biased since she is my wife. But really she is that good. Her clients love her.
You can contact her at firstname.lastname@example.org.