Share Trading School

What is YOUR Financial Goal and How are you going to achieve it?

Is a million dollars enough for you to be financially free? Maybe not, as it depends on what you want in life, as well as your spending habits. But hands up who DOESN’T want to be a millionaire? Alright, let’s assume you are trying to achieve your first million dollars, in CASH? Then consider these questions below:

1. Do you have a plan of HOW you are going get your hands on this million dollars?
2. Are you going to work harder for that promotion hoping for a pay rise? Maybe you have even thought about switching jobs with one that gives you a higher monthly salary?
3. Perhaps you might even take on two jobs, maybe more?
4. Pray you get lucky and strike the lottery?
5. How about starting your own business?
6. Or even invest like Warren Buffet? Maybe that one gem of a stock you picked would go on to increase multifold times in value?

At ShareTradingSchool.com, we are going to demonstrate and teach you how you can turn your million dollar dream into reality by trading shares in the stock market.  But first you need to start treating share trading and investing like a business. Buy and then hope that your investment would bring you riches just doesn’t work. Instead, you need to set for yourself an overall objective. Be specific about how much and when you are going to achieve that objective. For example, you wish to grow your investment from $10k to $1 million in 10 years.

Next set smaller goals like how much your  trading capital should grow every year. Achieving these goals it would be just like stepping stones to your eventual destination. Finally you need to perform an appraisal on your performance every year or even every few months. Are you able to meet your goals? If you haven’t, what went wrong? Was it because the market has performed badly? Or was it because you made bad trading decisions?

Most people would rather put their hard earned savings in the bank relying on compound interest to increase their wealth. Are you one of them? Compound interest really IS a good way to make your money work for you. The question is whether the interest that the banks are paying you, is sufficient in meeting your own financial goals by the time you are X years old? Probably not. That is why people invest in stocks, bonds, mutual funds, real estate etc. These instruments all provide greater returns on investment but also exposes you to, *gulp*, RISK. Yes, you CAN lose your money!!!

Many people are turned off by the idea of RISK and will forgo investing in stocks, missing out on potentially double-digit returns, because of risk. But risk can be measured and contained. You cannot determine for sure how much your returns from an investment would be. But you can decide how much you are going to lose. And if the potential reward from an investment tremendously outweighs what you have decided to risk, isn’t that investment worth taking? The worst case that can happen is you lose the amount you have decided to risk. But if that investment works out, you get to sit smugly on healthy gains. Risk is just like the gift of “fire”. It can be a good servant, but if mistreated can cause massive destruction (to your portfolio). Everyone should learn how to manage their risk when it comes to investing.

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