Don’t Just Blind Buy a Stock

If you are new to the investing world and you want to get in as pain free as possible I can not recommend pairs trading enough. They are one of the best companies out there for buying and selling your stock with the click of a button. Gone are the days that you have to call your stock broker to have him buy and sell for you, you just log in pick the stock you want and bam, you’re all set. You can go about your day as if nothing ever happened and when the time comes you can sell it just as easily as you just bought it.

The one thing I will caution you of is buying stocks that you do not know anything about. Since it has become so much easier people are falling prey to a number of scam businesses. They think that they no longer need a broker and that they can make the decisions on their own now. But the truth is unless you spend a lot of time studying the market you still don’t know enough about what you’re doing to make a smart choice. I suggest you have a financial planner or at the very least an advisor under your control that you can run everything by. Just because a trade looks like a good deal to you does not make it one and having a second person with your best interest in mind around is one of the best things that you can do. If you look at the richest people out there, you don’t see them doing anything on their own. No, they have a team working for them to maximize their gains. Because 2 or more people is always better than having just the one there. So don’t be foolish unless you have been studying.

Leave a Reply