Be an Intelligent Investor

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You should always try to be an intelligent investor. Yes it requires a lot of knowledge, hard work, experience and complete dedication. So start off on a plan. To reiterate you need to fulfill the four following pre-conditions to being an intelligent investor:

1. Acquisition of knowledge

2. Absolute hard work and absolute smart work!

3. Gaining experience, and

4. Complete dedication

 

1. Acquisition of knowledge

Get yourself books on the stock market. There are lots available in the market. Or you might also be able to borrow some from your local library. There are numerous websites that provide valuable information about the stock market. Important topics like “How to start an account in the stock market”, “How and when to buy/sell” etc are all covered. The tube has a broad range of dyed-in-the-wool business channels, which should certainly help. Brush that remote controller for once! You will need to intensely research the stock market and come up with a table of stock items with their prices. On no account, pay attention to street gossip. These gossips are half-truths, deliberate fabrications or from top to bottom archaic ’verities’. By no means rely on them. Always stay connected with the online share market.

1. Absolute hard work and absolute smart work!

Work hard – look out for any available opportunity to capitalize on. You need to understand the fact that even when the stock market is declining, there will be certain companies whose stocks might still be going on an upward trend. Buy those shares! That way, you will make profits even when the market is going down. Similarly, even when the market is going up, there will be certain companies whose stocks might still be going down.  Look out for those shares too. Try dealing in Exchange Traded Funds. An Exchange Traded Funds is a number of stocks grouped together by their themes and traded as a single stock. Exchange Traded Funds normally pay well if vigilantly handled. Look out for an automatic money manager system. This type of system is virtually fool-proof and there is no reserve for human error.

1. Gain experience

Form a personal strategy that you can believe in earnestly. Once you have formed your own strategy of functioning, stick religiously to it. There will be hindrances – there will be a lot of detractors in the market who will tend to ill-advise you. Do not invest on shares depending on a random tip without thorough investigation. Again, this is very important. Never panic. The stock market is very unpredictable. The whole market scene might change in a couple of hours. It may so happen that the shares you have bought just the other day might be rapidly depreciating in value all of a sudden because of the dip in the stock market. Stay cool! Never act in haste and sell off all those shares immediately. Let your shares remain as they are except anything elementary is amiss with your trusted company.

1. Complete dedication and vigilance

Being and staying alert and pro-active is very important once you have decided to make the plunge into the share market. This will promote the growth of your hard-earned cash and safeguard it from losses.  You can subscribe to Intra-day SMS stock alerts. Almost all mobile service providers offer this facility. These frequent alerts will keep you informed of the current position of the share market. This is a boon if are constantly on the move and cannot be hooked on to the idiot box or are unable to get online. Keep track of share prices/current market status on the internet. There are numerous websites to cater to this requirement. A simple and effective way to know the market status and the current value of shares is to use the television. Many channels cater exclusively to the stock market affairs. Never panic and sell when the stock market is dwindling. Stock prices will surely recover over a period of time. You just need to have the patience to wait and observe. Thus you should try to be an intelligent investor.

 

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