This video will help you figure out good criteria for picking stocks even if you have no investing experience or time to perform a deep analysis of stocks. Watch this video and read the noted below. Open your trading account here in minutes: http://www.principlesofincrease.com/TradeKingStocks Notes: 1) Individual Stocks Should Not Make up a Large Portion of Your Portfolio Depending on your needs, goals and risk tolerance, you will want to limit the amount of individual securities in your portfolio. Having too much in individual stocks could be risky. If you don't have a financial advisor, a good rule of thumb is to start with an amount of money that, should the value of the account decline, would not leave your savings wiped out. Also, this is money you should not need in the next 3-5 years. The key is to start now because time is money! 2) Plan to Invest Long-Term This is not risky day trading! Plan to put your money in, keep adding to it and watching it grow. Investing is not a sprint! It's a marathon. Go long and go strong, riding the ups and downs of the market pressing through to long-term portfolio appreciation. 3) Start with Companies You are Familiar with and Have Longevity Think about brands that have household names that have been around a long time and will likely be around. (For example, can you see a need for cleaning products in the year 2070?) These to qualities alone will lead you down the road to picking good stocks. (Don't put all your eggs in one basket [company], start off with investing in 5 or 10 companies. Remember, all you need is one winner to make the difference!) 4) Consider Companies that Pay Dividends Dividend payments are not always an indicator of company health, but it's a good start. Remember these are companies that will periodically or regularly distribute dividend payments to it's investors, a bonus on top of stock appreciation! 5) Keep Learning about Stock Analysis No matter what, the direction of stock prices are hard to predict (unless you are a monkey with a dart.) But, you do want to learn more about how to analyze financial statements to give you a clue about what you are getting yourself into. It's a not a requirement to get started, but it's a "nice-to-have" to keep going. Take a class, read a book or join an investment club to find out more about how to analyze the companies you will invest in. More importantly, just get started!
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Duration: 8m 26s
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