Quick Tip - Buying Your First Stock

How do you choose your first stock market investment? Doug Morris the CEO of Sharesight offers some tips about making that first stock purchase.

• Find a company that you know well
• A well established company that has been around for a long time
• Have a look at analyst reports of the company and see if they are pointing to a higher price in the future
• Purchase the minimum amount and never any amount that you can't afford to lose
• Once you own it read and research everything you can as a way of learning how companies are valued
• Be prepared for the stock to drop after you purchase it. It will prepare you for losses and handling the psychology of investing
• Keep learning

Portfolio tracker Sharesight tracks your trades, shows your true performance, and saves you time and money at tax time. Get 4 months free at https://www.sharesight.com/au/sharesforbeginners

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Stocks for Beginners is for information and educational purposes only. It isn’t financial advice, and you shouldn’t buy or sell any investments based on what you’ve heard here. Any opinion or commentary is the view of the speaker only not Stocks for Beginners. This podcast doesn’t replace professional advice regarding your personal financial needs, circumstances or current situation.

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