By:
Sanyika Calloway Boyce
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Before
you begin you should determine how much money you would
be willing to invest. By pretending to use your own
money, you will be inclined to do more research, and
think things through before acting. If you're careless
with virtual money, you'll be just as careless with
real money. You will soon find out what type of investor
you are.
Once
you set up your account, get into the habit of reading
and listening to business and financial news. You want
to pay attention to things that will affect your stocks.
The stocks are usually affected by newsworthy events,
such as mergers, layoffs or new products.
Practicing
portfolio management will help when you take the next
step, talking to a financial adviser (which is strongly
recommended). It will show that you understand what's
going on with your money, and you will be able to give
intelligent responses when planning for your financial
future.
If
you have not started investing, this activity will help
to increase your knowledge so when you're ready to invest
you will be confident. But beware, of just sitting on
the sidelines and watching the action. Take the time
now to understand the market and get out there and invest
in your future.
Sanyika
Calloway is owner of SCB
Enterprise, a company that offers interactive e-commerce
income opportunities, seminars and business solutions.
She is also contributing editor to D@re To Dream, a
BI-monthly newsletter.
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