Investing in the stock market is one effective way to grow your money and increase your wealth and security. Despite some known risks, investing in stocks can help you get a solid start on your financial future. One person just decided to do that. Waterford man, Seamus Dineen, finally made use of the money he accrued after he made his first communion back in 1990.
Dineen invested the lump sum in the NASDAQ, which rose four points after his IR $175 was released into the marketplace. It took three long decades of keeping before he finally made the decision. Many financial experts believed that this must be something that the Chinese stock market has been long waiting for.
When Dineen received the lump sum in payment, it was not bigger than five pounds. He received it from his family and neighbors when he was seven years old. It was a form of a reward, during his communion, when he accepted the body of the Lord and Savior Christ for the very first time in his life.
Just like any other children, Dineen heeded the advice of his parents to save and set aside his communion money. He followed the advice instead of following his friends who have spent their money in the Sega MegaDrive market. Over so many years, the money never did earn interest as it was only kept in a Colman’s Mustard Jar at the back press over the fridge in the kitchen, but its value right now has reached around $220. Being aware that his money’s value had already reached its peak, he decided to invest the cash once and for all into the car insurance market, while easing the expense or cost of his annual premium renewal. People now speculate that the next money he will be spending is his confirmation money.
What is NASDAQ?
The National Association of Securities Dealers Automated Quotations, also known as NASDAQ, was founded in 1971. Owned and operated by NASDAQ Inc., the NASDAQ stock market is an American stock exchange and is considered to be the second largest exchange in the world, after New York Stock Exchange.
NASDAQ began their trading in 1971, and they were the very first electronic stock market in the world. Over the years, it became more of a stock market by adding trade and automating trading systems. It was also the very first stock market in the United States which started the trading online. In 2016, the NASDAQ CEO, Adena Friedman, became the first woman to run a major exchange in the US.
How to invest in a stock market?
Learn more about stocks
The very first thing you need to do in order to gain knowledge about the stock market and understand how it operates is to know the meaning of each term. Stocks refer to the shares or equity. The shareholder is the one who owns the shares in a company. The stock market is where companies buy and sell shares. You also have to be familiar with the different types of stocks, and learn more about how they increase and decrease in value. Next, you will have to find out about the dividends, which are actually being paid to shareholders. Lastly, determine the reason on why you want to invest.
Choose the stocks to invest in
In order to make the right decision when it comes to investing in a stock market, you have to make sure that you do your own research on the company you will be investing in. You may start with the local companies within your area. Then, you have to take the time to check for the overall value of a stock by determining the value of a company, and that will also require a bit of a research. Determine when the best time is for buying a stock. Check for when the stock is trending.
Buy and hold good stocks after investing
If your stocks increase in price, do not immediately sell them. Hold to your solid stocks if you do not desperately need cash just yet. If you hold on to your good stocks, they will pay off big time in the long run.