Why is it that women ft.com tend to fear investing in the stock market. What a better way to own a part of something that you may or maynot use on a daily basis, or your friends maybe using. The stock opened on the market today as an initial public offering(IPO). What stock am I referring to, Snapchat. No, I’m not a financial guru, but I’ve bitten the bullet over the last few years investing in the stock market. I started my first account by opening up a mutual fund account and then graduated to opening an individual(personal) investment account. I’ve even dabbled in some day trading, but I don’t do that anymore. I would admit at first, independent investing was a bit scary. But I wanted to do it, and I DID IT! And did you know that female investors often beat men. Here are eight tips to help you start you little nest egg.
1. Hire a broker if you desire.
2. You can open an individual account online w/a brokerage.
3. Find a stock or company you like.
4. Check out the company financial standing.
5. Invest in a small amounts of shares.
6. Form a girls financial group.
7. If your stock drops, don’t panic.
8. Monitor your account frequently
For the most part, I’ve enjoyed watching my accounts grow over time, however, I do have one regret, and that is back in 2011-2012, I purchased two shares of Amazon stock, all I could afford at the time at or around $120 per share, well, you see where they are today, around $800 per share.
Now, did I always make gains in my investments, no. Sometimes I lost, just like anyone else, but its what I call my FUN account, and it has served as a great experience for. I currently have two of these accounts and have had them for about five years now and will continue to hold them until I want to cash them out. Make it fun and keep it interesting. Give it a try.