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What are the steps to be taken before buying stocks from a company?
When you decide to purchase stocks, it is important to do your research first. Your goal is to find a good value – especially if you’re thinking long term. Before you buy stocks from a company, you should do thorough research, review a stock’s fundamentals, monitor its viability and ability to turnRead more
When you decide to purchase stocks, it is important to do your research first. Your goal is to find a good value – especially if you’re thinking long term. Before you buy stocks from a company, you should do thorough research, review a stock’s fundamentals, monitor its viability and ability to turn over well. This is not just some simple stock purchase – you are becoming a shareholder of a company, so you must be willing to do a proper and thorough analysis. As an investor, it is pertinent that you know if a company is currently undervalued or overvalued based on their current assets and income-Review the company’s financials and management. Know about their source of income. Prepare yourself against bad market fall.
See lessShould I save or invest 10% of my salary?
It is important that you work on saving first if you don't have an emergency fund. Investing should also be in the plan of those who already have an emergency fund as well. The average savings account's annual percentage yield is 0.08%. That means if you make an initial investment of $1,000, you'llRead more
It is important that you work on saving first if you don’t have an emergency fund. Investing should also be in the plan of those who already have an emergency fund as well. The average savings account’s annual percentage yield is 0.08%. That means if you make an initial investment of $1,000, you’ll earn only $0.80 in interest after a year. Of course, it’s possible that savings account interest rates will rise. That means that the money you’re putting into your savings account will actually lose value over time. Investing has risks, but as long as you know what you’re doing, then it’s possible to get higher returns. This gives you a much faster means to grow your wealth, as long as you’re willing to be patient and clam for the market’s ups and downs.
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