FINANCE SATURDAYS: Investing Stocks 101 (Part 1)

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“This content is for informational purposes only and does not constitute financial advice.”

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INVESTING STOCKS 101

Goodmorning MEB, i do this for you all & most especially my home country Nigeria where a Credit System is almost non existent. Respect Nigerians wherever you see us, we purchase almost everything on debit, so if you are a Nigerian, give yourself a pat on the back this morning, you are trying ~ Michael Ehindero.

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Investing in Stocks is not much of a complicated process as a lot of people think it is.

**Stocks (also capital stock, or sometimes interchangeably, shares) consist of all the shares by which ownership of a corporation or company is divided. 

A single share of the stock means fractional ownership of the corporation in proportion to the total number of shares. 

This typically entitles the shareholder (stockholder) to that fraction of the company's earnings, proceeds from liquidation of assets (after discharge of all senior claims such as secured and unsecured debt),  or voting power, often dividing these up in proportion to the number of like shares each stockholder owns. 

Not all stock is necessarily equal, as certain classes of stock may be issued, for example, without voting rights, with enhanced voting rights, or with a certain priority to receive profits or liquidation proceeds before or after other classes of shareholders.

I want this series to be more of a tutorial where i take you guys on an Investment journey with me where i'm starting of investing $100 [you can start with any amount that's convenient for you.]

Here's what you have to do first:

1. Define your goals and time frame. 

Ask yourself what you are investing for. Is it a short-term goal, like purchasing a car a down payment on a house, or a long-term goal, like retirement? Your time horizon will influence your risk tolerance and investment strategy.

2. Asess your Risk Tolerance. 

Determine your comfort level with market volatility. A younger investor with a longer time horizon can typically afford to take on more risk, while those nearing retirement may prefer more conservative investments.

3. Choose your Investing Style. 

You have to decide if you want to pick individual stocks yourself or take a more hands-off approach. 

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The name of this Investment Game is 'Do Your Own Research'  (DYOR). Nobody knows it all, you can become really Smart with your finances and probably make a Fortune if you learn how to research properly.

Wishing you all Good Luck if you are coming on this journey with me. Do have an amazing Saturday everyone 

To Be Continued...... 

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Dear MEB Viewers, watch out for a Special Post on www.mikaelnaija.club later today.....

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