Q: I'm preparing to enter the financial market as a hobby. What do I need to know?
A: In short, never treat investing as a hobby. Solid investment strategies can turn the few dollars you invested into hundreds of thousands, but a bad strategy can result in huge losses. Approach every opportunity by asking the following question: Will this investment make me money?
Q: What's the best way to follow the market?
A: You can watch stock tickers on TV or check websites, but you can't go wrong investing in top-tier investment software. Target two types: one for personal money management concerns such as profits, losses, and stockbrokers; and another for tracking stocks, funding prices, and technical analyses.
Q: I've found an investment I really like. Should I make the jump?
A: So long as you've gathered plenty of research and consulted experts, sure. But never focus on only one investment; if the investment tanks, your entire portfolio tanks with it. Diversify your portfolio by targeting at least two, preferably three, investments, each in a different area, such as science, technology, and entertainment.
About the author: Helio Laniado entered the financial market in the late 1980s. Currently, he is developing an auto trader focused on developing Brazilian markets and stocks.
A: In short, never treat investing as a hobby. Solid investment strategies can turn the few dollars you invested into hundreds of thousands, but a bad strategy can result in huge losses. Approach every opportunity by asking the following question: Will this investment make me money?
Q: What's the best way to follow the market?
A: You can watch stock tickers on TV or check websites, but you can't go wrong investing in top-tier investment software. Target two types: one for personal money management concerns such as profits, losses, and stockbrokers; and another for tracking stocks, funding prices, and technical analyses.
Q: I've found an investment I really like. Should I make the jump?
A: So long as you've gathered plenty of research and consulted experts, sure. But never focus on only one investment; if the investment tanks, your entire portfolio tanks with it. Diversify your portfolio by targeting at least two, preferably three, investments, each in a different area, such as science, technology, and entertainment.
About the author: Helio Laniado entered the financial market in the late 1980s. Currently, he is developing an auto trader focused on developing Brazilian markets and stocks.