Advertisement
Anonymous
I am 25 and has decided to buy my first stock.
Should I hold on for a while more where there is the possibility of that the stock price might fall slightly?
7
Discussion (7)
Learn how to style your text
Lim Qin Da
20 May 2020
Finance & Business Analytics at National University of Singapore
Reply
Save
Pretty sure doing all homework also include knowing what companies to buy & buy at what target price range to ensure you dont over paid for it
Reply
Save
It doesnt really matter if you are going for long-term investing, like 10-20 years. I would say just buy it when you and others consider the price is low (if the stock is popular, people will talk about it when price is low)
Reply
Save
Sorry, my private feeling, no insult intended, as to Your homework:
-single stock investing could be mistake #1 (as many finance studies have demonstrated)
-thinking that there is an appropriate entry point could be mistake #2 ('market timing')
what also to avoid, find (if You still like) here:
Reply
Save
If you are having this mentality that the stock price will keep dropping, you will end up 'missing t...
Read 3 other comments with a Seedly account
You will also enjoy exclusive benefits and get access to members only features.
Sign up or login with an email here
Write your thoughts
Related Articles
Related Posts
Related Products
4.7
482 Reviews
From $0
MINIMUM FEE
0.03%
TRADING FEES
Custodian
STOCK HOLDING TYPE
4.5
957 Reviews
4.9
127 Reviews
Related Posts
Advertisement
Answers from the panel!
Sudhan (Seedly): It is indeed very hard to time the market. So for me, after I have researched on the company and I think that it has a great potential to grow, I would just invest straight away and not think about when to invest. I would also have the expectation for the stock to drop after I invest. With that, if it goes up then it's a bonus. I would invest for the long term, 5/10 years or even longer. If it is a long horizon, a few cents down would not really matter.
Ser Jing (The Good Investors): There is no perfect time to buy a share (Amazon example). So if you find a really good business that you think is worth at a reasonable price, by all means I think you should go for it.
For more discussions on SeedlyTV S2E05, you could check out the video and Q&A here! βββ