Asked on 13 May 2020
Any advice is greatly appreciated!
I think you should look into stocks and companies that occupy a large market share already, which is a fail-proof strategy for people who do not know much about the specific industry or about finance!
Next, understand its business model. You should be able to identify how the business earns money. For example, Coca Cola earns its money by selling the drink to its consumers. If it is something you cannot understand, then do not put your money into it.
Third, look at its potential for the long run. Does it provide value for people? Is it sustainable? Some of such stocks will lie in the innovation sector, especially those that have the potential for tech disruption.
Hello there! Congrats on starting out :) For stock picks, things that are important to note are firs...
Read 2 other answers 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