- At Salem Schooner Investments we understand that investing for your future can be a daunting task. By using our customized approach we can help you navigate the best investment options for you. These are not get rich quick schemes but rather sound advice we created to help you build wealth. To get you started here are a few, easy tips:
How a Small Portion of Your Wedding Gift Can Build Your Nest Egg
- Take a portion of your wedding money/Tax Money and invest it in a mix of securities.
- Add to it every month with dollar cost averaging from your checking account. Increase that amount up by $25.00 every January or salary increase.
- Every tax rebate season add a portion to it as well.
- Any wind fall such as a bonus invest a portion.
- Invest this regularly in the securities markets.
How to Choose Stocks, A Basic Understanding of the Market
While it may be intimidating for many potential stock investors to determine which stocks to purchase it is important to understand there are some guidelines that they use to make their decisions. Even if you do choose to have Salem Schooner Investments make those decisions it is important that you understand how they formulate their opinions in regards to which stocks are worth buying, whether or not the price is fair and when to sell.
- A Bull Market is a market in which the prices as a group tend to rise
- A Bear Market is a market in which there are periods of declining prices
Understanding these differences can help prevent investors from making irrational choices and therefore avoid emotional decision-making.
Two things to keep in mind when looking to purchase stocks is that there are Value Investors and Growth Investors.
- A Value Investor concentrates on buying stocks which appear to be bargains based on that company’s intrinsic worth
- A Growth Investor looks to find companies that are growing quickly and have the greatest potential for appreciation in share price
By understanding both of these approaches it can help you better understand your stock portfolio.
