Sunday, September 26, 2010
Why and How I Started Investing/Trading in the Stock Market
This situation pushed me to start reading books from financial experts. I bought books written by Mr. Robert Kiyosaki and Mr. Colayco and registered to Bro. Bo's Truly Rich Club. Having read the insights of these financial experts, my financial outlook in life changed. I now understand the value of investing.
There are different investment vehicle available in the market but what really caught my attention is the stock market. Before, my perception about stock market is that, only the rich with large amount of capital can invest in this market and that it's a very complicated and difficult thing to learn. But when I started reading articles from Truly Rich Club regarding the stock market, little by little I was enlightened.
Of course, I did not immediately plunged into investing in the stock market, I did a lot of readings first not only from Bro. Bo's Truly Rich Club but also from other sources. I visited Philippine Stock Exchange website and monitored the stock's movement of companies I'm interested in. I also visited CitiSecOnline website, the online stockbroker Bro. Bo recommends and I attended the free seminars they hosted. In other words, I did a research on stock market's ins and outs (at least the basic ones) before I opened an account at Citisec.
Now, it's more than one year since I started investing/trading in the Philippines Stock market and I'm really happy that I did. It's high risk, yes, but you can always develop strategies to counter the risks.