Stock Market Tutorial 2024 | How To Start Investing 2024
Hi, I’m Chris Winter and if you’re looking to start building real wealth today, I think the stock market is a tried and tested way to help you do that.
In this video, I’ll be going over the most important tips that you need to know about the stock market for beginners!
Let’s jump right into the first tip which is… Understanding the basics of the stock market
1. Understanding the basics of the stock market
So in the stock market, it’s tempting to start your journey and just make it rain after 1 day of investing! I mean who doesn’t love that commercial with a QR code bouncing around on a screen (coinbase superbowl reference).
Unfortunately, proper and profitable investing requires more discipline and education. To be successful, I think you have to know the basics of the stock market and what happens after each transaction, and why stocks go up… or come crashing down.
It’s extremely beneficial to learn about the many terms to do with the stock market such as bear and bull markets, limit orders, volatility, short sell, ETFs, and many other lingo.
It really is like learning a new language, so I recommend taking the time to learn everything you can — Be a sponge!
I think financial education is the best gift you can give to yourself and it’s absolutely free. Follow my channel, hit the like button, and you can learn the basics with me!
2. Longer term investing is better than short term investing…aka be patient!
Beginners who invest in stocks in hopes of making a quick buck might be in it for the wrong reasons.
To me, Stock investing is completely different from stock trading.
When you invest in a stock, you’re investing in a company that will do well years down the line.
However, short term stock trading means you’re going in and out of stocks for a quick buck. Let’s do a mental exercise.
Who’s the most successful investor of all time? For most, you’ll say Warren Buffet. The Oracle of Omaha made his wealth by investing early, being educated, and being patient.
I personally believe that if you’re investing in the stock market, and you’ve done all your research, delete the app and check in maybe once a month just to see how things are going, and delete it again.
The stock market flushes out short term traders but rewards the patient and long term investor.
3. Avoid individual stocks and diversify
Here me out, beginners, and I’m talking about those who are totally new to the market should try avoiding investing in individual stocks.
Individual stocks are a high-risk high-reward option that can go either way, and if you choose the wrong stock and it unfortunately goes the wrong way, this may discourage you from investing entirely.
Instead, look at the other, safer options such as index funds which can be either mutual funds or exchange traded funds (ETFs) that tend to lessen the risk for beginners.
By investing in a fund that has a basket of stocks, you’re diversifying your portfolio in case one company or sector is on a downturn.
I think that diversification is key to lessen your risks and risk mitigation is absolutely necessary when your investing long term.
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I’m Chris Winter and on this channel I make finance videos on: • Stock Investing • Best Crypto To Buy & Invest In (Bitcoin, Etherium etc) • Best Stocks To Buy & Invest In • Best Online Stock Brokers • How To Make Money Online • Affiliate Marketing • Passive Income • Shopify • Amazon FBA • Print on Demand
On this channel I talk about the following: #BestOnlineBusinesses #MakeMoneyOnline #Cryptocurrencies #Bitcoin #Shopify #AffiliateMarketing #MakeMoneyFromHome #OnlineBusiness #Dropshipping #SideHustles #SocialMediaMarketing #PrintOnDemand #PassiveIncome #WorkFromHome #PaypalMoney #Investing
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