Well, if you want to have good luck investing in the stock market, here are a few tips…
For one thing, remember that you don’t win or lose until you sell. So, if you buy some shares of a company’s stock, and it immediately goes down a bit, don’t fret, because you still own the same amount of shares, and even though your account value may have decreased slightly, or even greatly, the stock market might eventually go up, and the price of those shares may also go up. The bottom line is that you don’t win or lose until you sell!
Try to pick shares in a good, secure company, with sound financial fundamentals. The companies that seem as though they’re on the brink of disaster, might not be a good investment, especially if you’re not a risk taker or gambler.
Also, buying some shares and holding them for quite some time (referred to as “going long”) is usually a better idea, rather than the day trading where some people (who don’t mind enormous risk) will buy and sell shares from day to day, or even hour to hour. Although, some people do get lucky, and they make a lot of money with the highly volatile day trading!
Do your homework, read some books to learn more about saving and investing, and watch the financial news. There are many resources available, such as the Financial Times out of London, the Wall Street Journal out of New York City, and the cable network CNBC. Little by little, you can teach yourself more about the wonderful world of investing.
Get a powerful Good Luck Charm! There are many good luck charms, amulets, talismans, and crystals that are especially good for money matters, and just such an amulet might be able to help you with your financial investments! One thing’s for sure… it certainly couldn’t hurt!
Happy investing and good luck!