I've started looking into stocks about middle of last year and from the content you can see on YouTube it's seems to be a good place to earn additional income. In some of the talks that I attended it seems some of the speakers have struck it big. As I have learned it does take some time to get comfortable in investing in the stock market. As a fresh graduate I actually put some money in the Petron IPO but since I didn't really understand how it works I pulled it out as soon as I got some profit.
Last year though I seriously tried to look into it. With all the available materials and content on the internet I slowly got comfortable with it. I started with watching some bank sponsored marketing events and some YouTube channels. I also attended basic stock market seminars by AB Capital. I started using online tools such as Investagram where you can virtually invest money and trade through and app, it was a good way to "practice". Here are some things I learned from looking into it:
1. Having an understanding of the stock market helps you better understand the various investment instruments the bank offers. Everyone want to get better interest rates and the bank offers different products and offering which are based on the stock market.
2. Stocks generally offer better returns on your investment. Depending on your risk factor and ability you can get short term or long term investment.
3. You can definitely lose money. You have to mentally prepare for this. As they say win big, lose big.
4. You don't have to be really smart to invest in the market. In fact, there SEEMS to be patterns which you can follow which can help you earn more.
5. Long term, it's a good place to keep your money. Just invest on blue chip stocks.
6. Learn and listen about investing until you get comfortable with it. There are a lot of terms but try to understand it.
7. You don't need a lot of money to invest in the market. In fact, I have less than Php5,000 invested in one of my accounts.
8. You can directly invest in the stock market and trade online. It's easy an convenient once you've set up your account.
9. You have a platform to practice with "play money" via apps or various websites. The downside with this though is that if you make good investments and earn - it's not real money. I say this because my trial account did really well.
10. Lastly, if you are really intent on investing do not over think it. Just dive into it just like what I did. Currently, I'm down about 10% overall but that's ok. It may potentially bounce back. If I leave that negative stock out (Jollibee), I'm up 5% overall. That's seeing it glass half full. But just go and have a good enough idea of the safe stock to invest in.
After all that, keep on learning.As a beginner, stock trading has a lot or terms that you need to familiarize yourself with. My strategy just to get comfortable with the industry speak is to keep listening to talks and videos whether through events of the internet.
Last November 25 BPI Trade had an trade market forecast event entitled "2020 Vision: Eyes on Prize. I think I saw a post about it on their Facebook page and I eagerly signed up for it. I looked forward to it because it was being held in a nice venue, the Shangrila Hotel in Makati and I was looking forward to whatever I could learn.
The event had four parts, an economic outlook which which I vaguely comprehend but understand the overall purview of what was said. The 2nd talk was about the stocks and strategies to invest which I felt was a good talk especially for beginners like me. The 3rd was about REIT, which I believe is a new product which BPI will launch soon. Again, I have little knowledge of these financial stuff but I feel I know enough. And I believe that this would be a very good investement instrument. The 4th speaker spoke about their forecast for the stock market on 2020.
We didn't have free events like these when I was younger so I try to attend as many of them. It's a good platform to increase your knowledge base and familiarize yourself with things you're not comfortable with. Best of all the was free food!!
Below are BPI's stock picks for 2020.
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