Im trying different apps. It says before I start “* your capital is at risk.”
Even before I buy anything.
How do I pump money into the app? Or will it bill me through my phone provider?
I am checking out trading212 and markets.com.
Any help will be much appreciated.
I am really short of time since last one month but I must reply you.
The only help you need is that you should keep yourself away from this. This online trading is nothing but a dream selling, which never comes true.
I have been watching and even engaged with the stock market to some extent since last 25 years at least. And, I can say with certainty that trading is not meant for common people. There is absolutely no possibility that they can earn anything from it, ever.
Trading in stock futures and derivatives is meant for only big boys, which are not more than 5% of the trading community. Stock market is a manipulated market by this 5% community all over the world. They are the only earners in this game. Rest 95% are going to lose all the time. So, my sincere advice is not to indulge in it at all.
Having said that, investment in stocks is an entirely different thing, which can earn you 10-12% appreciation per annum easily, or even more. But, for that, you must have spare money and long time horizon (2-3 years at least). For that, you can seek professional help from experts, or rely on mutual funds, if you want to keep it simple.
My friend, just forget about this trading thing.
With love,
Sanjay
Much appreciated.
But online you can also buy stocks.
Buying online is not an issue. Secondly, unlike past, buying stocks are allowed only online now, whether for trading or investment. You have to open a demat account with any one of the authorized companies, which will be linked with your any bank account for transactions, so everything is online and visible now as to restrict people from hiding their investments.
All I wanted to say that do not go for these lucrative offers which suggest for short time or day trading. On the other hand, long time investment in the stocks is the best option to earn money but only if you have spare money.
One should invest only such money in the stocks which is not needed for next few years, and one is bound to earn handsome returns always, no matter what happens to stock market in general.
Invest and forget is the mantra here. Invest in good and big companies and put that aside. Do not look at the rates daily. Instead of that, keep the track of the those companies and try to judge their future. You need not be an expert for that. Each and every information is in the public domain now. Once you start getting in the constant touch, things autonatically would become comprehensible. Simple common sense is enough for that.
In the US market, tech companies are the best bet and always will be so. The second choice may be consumer durable companies which are not into electronics. Stay away especially from oil and gas, real estate/construction, and auto sector. Long term outlook of US pharma and banking/financial companies is not certain, thus they are risky bet.
With love,
Sanjay
Great advice, thank you Zinnat.
What kind of amount is a minimum to do such long term investment?
Thanks to modern online trading system, there are no more trading lots in stocks in the cash share section. So, you can now buy even one share of any company. So, there is absolutely no lower limit now whatsoever. You can now be a co-owner of any company by buying only one share, which may be as low as some dollars, or even less.
But, futures and derivatives are still traded in the prescribed lots. You cannot buy in singles in this section but have to buy or sell a complete lot.
The best way for the common people to invest in the stock market is to choose some selective stocks or mutual funds and start investing in them in recurring basis, not once. That would keep them safe from the ups and downs of the share market.
You need not to invest much in the stocks. Invest your savings only but regularly, no matter how less they are. If you can save and invest even 100 $ per month, that would be enough, but you have to keep doing it without failing. That is why it is necessary that one should invest only his spare money in the stocks, not that which may be required in the foreseeable future. More than 90% of the investors commit that mistake and suffer.
Even 100 $ per month can change one’s fortunes in the stock market in the long run, but one has to hold on to his buyings.
There are many good bets in the US market. Of course, Apple and Google are there but they are very high prized. I would suggest Microsoft, Intel and Qualcomm. Right now, no mobile can built without Qualcomm and almost all computers use to have Intel chipsets. Microsoft is slowly catching up Google and Apple in mobiles, both in handsets and in the OS too. Qualcomm is bit risky right now but it offers the best scope in apprication also. All these three shares are available at less than 100 $.
With love,
Sanjay
I guess for mr R mainly; I wish to buy stocks, how does one go a bout doing this? Can I do it at a bank? If not, what is the safest type of online trading?
Just open a brokerage account and deposit money in it and the click the buy button and make an order and then you’ve got the stock. Then you sell it when the price changes. That’s basically what trading a stock is. You’re gonna end up owing some taxes if you make any money.
If you’re gonna do that, don’t do it with all your money. Set up some dividend reinvestment plans and buy fixed amounts of stock on a fixed interval that you plan to hold forever and let the dividends go toward more stock. Good companies to do that with are things that are never going to go away. Bombs, oil, trains, etc.
Then you’ve got some long term plans to not be eating cat food and having to make friends with church people when you’re old, and you’ve got a shot at some short term money that you can spend on booze and hookers.
Thanks.
Anytime.