If you want to invest your money in stocks and want to know more about how to go about it, Roger Scott’s WealthPress is one of the best options you can explore. You get to learn more about the market while getting tips on how to invest your money. It’s something of a win-win situation.
Roger Scott has helped a lot of budding investors spread their wings in the past and in the present and the following are some financial takeaways from using WealthPress.
As much as you want to go with your guts or try out something that looks like it’s going to go big in the future with any indication of such in the present, you have to learn to contain that feeling. In short, you have to learn to manage your greed.
Also, when there’s a crash, you have to learn how to take advantage of it while containing your fear of losing a lot of money.
This means that if your plan was to invest for the long-term, you should not allow short-term situations to derail your plan. If you have analysed that a trade will do well in a couple of months or years, short-term events should not make you change your plans.
Don’t panic sell. That’s one of the worst things you can do as an investor. Analyze, see if your position is still good and buy more when the price is low rather than sell. For example, in 2020, a lot of equities fell woefully because of Covid and the ones who were able to make more money were those who used the chance to buy the dip.
No matter what happens, the mantra of investing does not change and that’s “buy low, sell high“. If prices don’t fall, it’ll be difficult to gain profit. A fall in price is not the chance to sell off what you have but the chance to add more to your portfolio.
While a lot of sectors were badly hit in 2020, especially the transportation industry, a lot of other sectors were able to rise and generate more revenue. This includes the information technology and pharmaceutical industries. A lot of smart investors were able to increase their portfolios by anticipating the growth of these industries.
No matter what happens, as a serious trader, you shouldn’t ever stop looking for opportunities which will protect you against inflation. Many will open up and by doing research, you’ll be able to anticipate them.
There are a lot of valuable tips from WealthPress, one of which is that the market always looks forward. This means that the investment prices don’t always move in the same direction as the economy. For example, during the pandemic, the market took a hit but it began rallying way before the economy recovered.
The reason for this discrepancy is because the economy reflects what is happening today while the market reflects what is likely to happen in the future.