Blog 8:The Stock Market Continues to post a loss….. How am I ever gonna make money?
So….. You have money in the market how do you ever make that money back?
Well, there are a few ways actually but none of which have a big influence on today’s economy more than the first one. The Economy is a little unstable so this week or even month is not exactly the best week to begin your investing journey.
Allow me to Introduce myself, My name is Akshith Konda. I’m a 21 year old College Student and I am the CEO, Writer, and, Author, and Editor of The Finance Spot. It’s just something I do for fun, I’m also the CEO, Main Host and Business Director of the On Your Own Two Feet Podcast.
I write easy to understand and simple content for any age group and level of understanding. If you wanna know more about the Podcast I will be making an article about it soon. But here’s a Tibbitt.
On Your Own Two Feet is a motivational/sociocultural podcast in which we dive into the big topics of human, cultural, and philosophical lifestyles, making it engaging, entertaining and easy to understand. Our first episode is set to air sometime next week.
Back to how to manage this loss….
The Three steps to Managing loss in the Market
1.Don’t move your money.
Now to clarify what I mean. Don’t move your money out of stocks that are falling as those often has the highest rate of return by a far average. Stocks that usually go down or fallers as they are known usually carry with them a moderate to high risk factor. The key is to understand which stocks are the best to use and to how to buy them. If you have seen a stock in a downward trend for a few trading days, look it up and see what the reason maybe. It could be negative attention, decrease in sales or even be as simple as production halts. A simple mistake in a company’s inner production structure can cause major halts and falls in the stock price for multiple days.
2.Do Your Research.
Most apps like Robinhood give you a max of a five year scale when doing your research about companies use Google News and Finance or your best source to understand what stocks are best in that timeframe. For example let’s say Tesla is better for your portfolio now what you would do is find Tesla. Google Finance combines both the current news and the stock trends from the time a stock goes public or even before that if it has Data on it, and it works with most markets regardless of the stock.
3. Determine how much you can let go and do the Math
So once you find a stock that you wanna invest in now it’s time to check with your Account. Obviously your gonna need to know how much you can let go of. You can’t just have that money on demand like some accounts, a brokerage allows some users to borrow money, and that’s called Margin Investing. Margin usually comes with a low interest rate but get in the habit of using your own pay check to invest. Next is budgeting, out of your weekly or monthly paycheck usually about 20% is required to make a sizable investment in your portfolio.
After that transfer the money to your Portfolio and after gains take your net profit and continue the cycle.
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