Best Stocks to Trade For Tomorrow with logic 20-May | Episode 521

Open your Trading account in mintues with Zerodha

There are so many individuals out there trying to accumulate wealth by investing in individual stocks. The truth is that no one really has any business buying individual stocks. This mainly has to do with the fact that individual stocks have a tendency to just gain pennies. What good will pennies do? The fact of the matter is that it can take many years for pennies to accumulate wealth for someone. The way to do it is by accumulating dollars.

Wealth accumulation is everyone’s goal when investing. However, there are some individuals who make some detrimental investing mistakes. These are mistakes that they really can’t afford to make, but they do.

To achieve rapid wealth, you need alternate investing ideas. In addition, you need multiple investing ideas. This is because those who are the most profitable find multiple ventures to invest in. Investing in just one can result in great losses and a lot of heartache. But by investing in several ideas, a loss doesn’t have to be so devastating, especially if you’re gaining on the rest of your investments.

Every investor is different because they have different risk profiles, time frames, and investment objectives. However, the result they are all trying to achieve is similar and that is to gain as much money as possible as a result of that investments. This brings us to the two types of investors and those types are the aggressive investor and the conservative investor.

Imagine having a stock portfolio that only has shares from one stock in it. That doesn’t seem so bad, does it? Well, just imagine that that one stock ends up experiencing great losses. That means you’re going to lose money on every single share that you have. Now diversify that portfolio with stocks, bonds, and other types of investments and you have something that has a lot of earning potential. If one stock loses, you don’t lose on all of them.

If you want to invest in the stock market, it is important that you learn about the stock market basics. Your first step is going to be opening a brokerage account. This is after you learn the ins and out of placing an order. This is important in order for you to build your stock portfolio. Before you can even think about building your portfolio, you have to know how to do it. Without knowing how to do it, then you don’t have a leg to stand on. You may find yourself losing money instead of making it.

There is no such thing as the magical trading system. All trading systems have their strengths and weaknesses.

Have the markets bottomed out? When will be the best time to take advantage of the next bull run? Timing might be crucial but so too is having a powerful arsenal of investment vehicles at your disposal to cover all eventualities.

The Hulbert Financial Digest (HFD) has been around for nearly 30 years. Founded by digest editor Mark Hulbert and considered the bible of financial newsletters by many, the Hulbert Financial Digest and its online offshoot, Hulbert Interactive, provide extensive and comprehensive analysis of nearly 200 investment newsletters that cover stocks as well as mutual funds.

I remember the day when I brought my first shares of stock and told some of my friends about it. Some of their replies were “you have just thrown your money away, you could have just given that money to me, that is the most risky way to invest your money, never invest money you will need into stocks!” That was back in 1980’s. Today things are quite different with purchasing stock shares and you should not be intimidated by this. Learn how to master this art of stock buying in my article.