If you’re brand new to the stock market there are some beginning things you need to know:
- You Only Make Money When You Sell – Many people look at their account balances and see they have made so much money this year. Unfortuantely the market turns and they feel like they’ve lost this money. Well they never actually had it, it was only percieved value in the stock market – if you are uncomfortable with the fact of losing you have to take your profits sometimes.
- The Fees Will Kill You – The commission for buying and selling, the spread that the market makers take, and the taxes will eat up your profits. Make sure you keep tabs on all of this or else your wins will look like busts.
- The Stock Market Goes Up Most of the Time – If you are naturally a pessimist remember the market goes up most of the time. It’s fine to make money on the down but don’t think you’ll win against the big trend forever.
There are way more than 3 stock market investing 101 tips to learn about, read lots before you invest.
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