There are some simple rules that guide the way things work in the world; there are laws that needs to be followed like gravitational law, kinetic laws, law of Thermodynamics.
Similarly, when it boils down to investing, there are some certain simple and basic rule you must know… I know that you might be thinking of understanding the use of chart and trends to interpret data. However, that one is too extreme. I talking about ABC of investing.
As an investor, you must have the simple knowledge of the following:
- Learning of basic accounting principle
- Read and assessment of annual report
- Stock Market knowledge
- Understanding and interpretation of financial statement
- earnings and how it works
- emotional management
- tops and bottoms
- have in and exist strategy
- have an investment goal
- What is driving a particular stock
- understanding earnings etc
I could go on and on. However, understanding some of the above will help you have a basic understanding of the market so as not to loose your hard earned money. After all, Investing is a Serious Business; Investing is very competitive, and should be considered as an unending epical battle
Best,
Ambrose Omordion
