brokerage account and add companies to your watchlist to track the price of shares of stock. Once you find out the price of a share of stock, you can determine how many shares you want to purchase.
3. Determine if the Stock is a Quality Investment
Analyze annual and quarterly reports, listen to earnings calls, subscribe to investment newsletters, and pay attention to what’s going on in the market to determine what stocks you should invest in. If you don’t have time to do hours of research, hire someone who will.
There are many options you can pursue on the path to becoming an investor. And if you’re trying to reduce your risk, look into exchange-traded funds and find out how you can invest in a bucket of stocks instead of relying on the performance of an individual company.
Charlene Rhinehart is an award-winning speaker, consultant, and coach who uses digital technologies to share inspiring stories with the world. She helps others live their best life as a Financial Coach at Wealthy Women Daily, Founder of the Career Goddess Academy, and Travel & Lifestyle Writer at BlackCoupleTravels.com. Charlene recently published her first book, “Dividends Are a Queen’s Best Friend” on Amazon.