The stock market is a great place to invest your hard-earned money. You buy stocks or shares (investing) in other businesses and your interest accumulates with time. However, as a newcomer interested in the stock market, you will be faced with many challenges.
We have put together a checklist of what you need to do when looking to invest in the stock market.
Determine your investor type.
As an investor in any business, you need to understand your business acumen. Are you a patient investor? Can you survive losses? These are the kind of questions you need to answer when determining the type of investor you are. This will as well guide you in deciding on where to invest your money.
You can easily find some short test online you can take to better understand yourself and in deciding what business strategy to follow. Or you can contact us on Facebook and we’ll conduct a short quiz identifying your investor profile.