How to start investing in eight steps

Julie Brownlee, Fsp Invest, 18 Mar. 2015

Tags: investing, how to start investing, beginners guide to investing, how to invest, investing for dummies,

If you want to put your money to work on the stock market, it can be difficult to know where to begin.

It’s not a case of picking a share at random, investing and hoping for the best.

So how should you prepare?

Read on to find out…

The beginners guide to investing

If you want to gain financial independence by putting your money to work by investing, follow this eight-step guide to get you started…

Step #1:
Before you start dreaming about stock market riches, you need to conduct a thorough analysis of your current financial position. Can you afford to lock money into shares for the next few years?

Step #2:
Once you know your financial position, you can set specific financial goals and objectives. Break these down into short-term and long-term goals.

Step #3:
Decide how much money you’re going to invest in shares. You need at least R10,000 to get started. Make sure you include this as part of your financial plan.

Step #4:
If you don’t have enough money to start investing now, start saving. Put aside some money every month for your investment account.

Step #5:
Once you’re in a financial position to invest, find a stock broker that meets your requirements and open an account.

Step #6:
Start researching. Make sure you’re reading the financial pages in the newspapers or financial websites to find out what’s going on in the markets.

Step #7:
Before you start putting your own cash into shares, you can paper trade. This gives you a chance to see how your investment strategy performs.

Step #8:
Buy your first share! This is your first step towards building your investment portfolio.

So there you have it, how to start investing in eight steps.

*********** Hot off the press ************

Your opportunity to make more than R2.8 million in less than 2 years… With only R10,000 down!

It's happened before - Now it could happen to you

In just five simple, quick-fire steps R10,000 could have made you more than R2.8 million

And to do this…

You do NOT need an MBA.

You do NOT need a lot of money.

You do NOT need a lot of time.

All you need is my little-known stock market investing secret.

Click here to find out more…


Related QA

kavesh.maharaj.73 asked:
Hi Josh Quantum wants to buy back shares from shall investors at what I think is a low price of around R3.86. You tipped the share in February [read more]
Published at 14 Mar. 2018 in: Investing Real wealth 5 answers
elizastrydom asked:
Hi Timon I am interested in registering for your Red Hot Storm Trader service. I am already a Red Hot Penny Shares investor. My question is [read more]
Published at 28 Feb. 2018 in: Investing Trading platform and broker 1 Answer
ManuE asked:
I have an interest in investing in Bitcoin, I just don't know how. If I buy Bitcoin with R15 000, how much can make (Return On Investment)? [read more]
Published at 25 Feb. 2018 in: Investing Investment 1 Answer
rickey101ter asked:
Good day gentlemen I am a subscriber of various of your products e.g. the above mentioned two and TWS, but I am not happy with the services I [read more]
Published at 07 Feb. 2018 in: Investing Investing 2 answers
bongani.zwane.127 asked:
Hi Francois, I want to invest in ETF for my kids educational funds. I would like to find out which ETF securities can I invest into for a period [read more]
Published at 01 Feb. 2018 in: Investing 1 Answer

Related articles:




Youtube Twitter Facebook

Connect with us:    

  • Accelerated Investor
  • Accessories
  • Accountancy