Trying to Learn Stocks for Free || I am Saving Money for Stocks

I remember one advice from I don’t even remember whom it was from, but it says that don’t go into something that you don’t have knowledge of.



It is for sure pertaining to “investing in stocks” or something else, am not that sure. But I’ve been reading quite a few blogs saying two different perspectives about the stock market.

One, stocks is easy that simple Filipino can do.

Second, you need a lot of knowledge to be able to be successful in stocks.

So personally, I am torn. 

What was it really should be the case upon entering on stocks? 

Should I be an accountant, a statistician or a genius to be successful in stocks? 

Or can I be super-rich even though I am just a simple homebody or in case of the famous story of Mr Bo Sanches housemaid who made it millions presently?

Personally maybe around 5 to 6 months ago, I am not fully convinced in investing in stocks. Because of the same reason I stated earlier, I don’t know anything about it.

But since I’ve been super inspired with a couple of personal finance blog post just like Savings Pinay, I began to get more curious and love to learn about investing on stocks (hopefully soon I can able to do it for real).

So.., 


I will run you through these websites that I read in which I get insights of what stocks truly is, how to apply for it, wisdom from people who tried it, some encouragements and some real-life mistakes by people who are in stocks.

Note: I am looking for a blog post that is not selling anything or if its selling I am trying to criticize if what he/she offers is offering is truly valuable, not just for me but also to the writer as well, because that’s when I know if the advice is 100% genuine to help other people or just to make that sale (which is so sad because a lot of blog post I read are all commercialized wanting to sell all the time).

Please bear with me and make your own judgement if these websites I rundown will be helpful. (This is my disclaimer !)

Let’s begin.

First thing I thought about investing in stocks is that if I put all my money in it today next year I will be financially free.

Buzzer. (a loud and deafening one)

No.

That is not how stocks work.

My mind is opened when I read this post from callmekristine.com. 

Please go to her website she explains it in really simple ways (Tip: that is in the pointer #2).

Basically, before investing you have to save money for an emergency fund. After you are secure with an emergency fund, you then save for investing fro stock market. Once money is there, investing should be out of your mind because it needs time to yield. 

So that means life goes on for you living a frugal life or finding other way to grow your money.

The money you put in investing in stock market should not be your only option for getting rich quick!

I say that the emergency fund is really important, it will give you a sense of stability if anything happens or if you wanted to do something else that needs funding. It will protect your investment in stocks. It will remain and it will yield the amount of money just as it should & not in thoughts of 'I don’t have a job so I need to sell my stocks'. Let us avoid that, please.

Learning the Basics of Stock Market

I read The Investing Engineer blog on what kind of principles should we follow in able to grow your money in stocks in the less risky way with the highest amount of returns. Please go check him out and read some of his blog posts. (click the link here, here, here, here, here, here, and here.) 

I recently just googled this website and I think he explained the basics of Stock Market in the simplest manner like how I understand it, click here. I also love to include Savings Pinay blog post here.

Then after that let us continue my thoughts about it. Ps. If I might not be able to link everything in an orderly manner.

They are kind of hard but I somehow understand some of it.

Here are the Highlights of what I understand.

• Start your portfolio on buy below prices

• Sell when you reach the target price

• Diversify maybe around 4 companies is a good number to monitor

• When the market is down, buy some more to cut losses

• Determining undervalued stocks thru different method (this one is hardcore for me already)

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Getting Help from Truly Rich Club

The last pointer up “determining undervalued stocks” consumes a lot of time and math in my opinion. That is why this is where Truly Rich Club comes in. It basically suggests you what stocks to buy or to sell. That easy! You don’t have to get into math and make formulas on your own, at least if you are like me.

I really love the idea of Truly Rich Club but there is a little bit of set back on how they market it in my opinion. From how I remember it back then when I first saw it they advertise Truly Rich Club in a perspective of accumulating wealth with a little bit of inclination of faith in the Lord. 


It's not that bad at all but as I see it, the intention is two-sided. Does Bo Sanches founder of Truly Rich Club wanted people to be rich in the account of the faith of God, but why it is availed in exchange of payment/premium? I think the thought becomes really divided, that is why when I first saw Truly Rich Club I am not fully convinced of its services.

A lot of people who are into stocks create a really good review about the Truly Rich Club, they say that it is easier to determine what stocks to buy or not to buy when you are a club member. And Truly Rich Club is so helpful for beginners or people who wanted to do stocks just like I am. But take note, they are all affiliate of Truly Rich Club, which means they earn a percentage of commission when someone signs up thru their affiliate link. I am not saying because they get money from it, the services of the Truly Rich Club will be compromised. However, in a perspective, try to weigh down different sides. Is it really a good service that can genuinely help people or they just wanted the sale?

Just to balance everything out, I am now saving money to invest in stocks. And once I start trading I will definitely get the services of the Truly Rich Club since I wanted the convenience of just giving me the information "to buy this or that". The latter paragraph is just my opinion. I am a graduate of Marketing so I know how people advertise a product or a service. It can be really genuine or just plain “catchy”, you know what I mean.

Lessons from Real Life Stock Market Investor

I love to include this one because where else can we learn about the stock market but from our own mistake or from people who are generous enough to share their experience with everyone.

And it is a reminder for me as well that even the most intelligent person can make a mistake in the stock market (this is giving me the thought that you really need a lot of knowledge in able to be successful in stocks).

Let me put the link again the blog post of The Investing Engineer

• On this link, The Investing Engineer tells the story of how he buy stocks too early not waiting for the buy below price (read his blog he wrote so well and I love how truthful he is about his mistakes)

• This link talks about The Savings Pinay PH when she missed the chance of buying a certain stock just to know afterwards that the price of that stock will shoot skyrocket high (Tip its about the stock named Double Dragon, Savings Pinay made a long post but for sure you will run across to what I am talking about).

Lastly, Step By Step on How to Be a Stock Market Investor

These links will tell you the step by step on how to apply to brokers just like Col Financial, in able to start investing in stocks click here, here and here.

Whoah!

This is a pretty long post! 


I hope this is helpful for you. 


For final thoughts, investing in stocks is really enticing for me (especially when I always come across to the story of Mr Bo Sanches maid who is very successful in the stock market and with Savings Pinay when she says she has 100% better return compared with her mutual fund link here). 


As of the moment, I still don’t have the right amount of money for an emergency fund or as I call it “small business fund” yet. Once I have that fund and starts to save money for investing it is pretty much tempting for me to enter the stock market. Do not forget, investing in stock market is just one option you can explore. You can also invest your money in direct business or something else. Find something that works for you!

Thank you for reading all the way!

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