Beginners who want to buy stocks in 2024 should first work. It is better not to immediately deposit large sums into a brokerage account. Vasily Karpunin, head of the information and analytical content department of BCS World of Investments, told socialbites.ca. He gave four more pieces of advice to new investors.
“The first piece of advice is to improve your knowledge. There are a large number of courses on the Internet, including free ones, that allow you to get acquainted with the securities market and analyze stocks of individual companies and sectors. This will allow you to avoid typical mistakes that many novice investors make,” said Karpunin.
The second tip is to choose liquid blue chips to purchase. These are shares of the largest and most stable companies – for example, Sberbank, Gazprom, Lukoil. Such securities are cheaper and easier to sell than second- or third-tier stocks.
The third tip is to follow drivers that everyone knows.
“There is now a market for private investors; Their share in the turnover of shares is up to 80%. You need to choose securities where there may be high demand for obvious and simple reasons. As a rule, these are stocks with expected high dividends (not one-off) – the demand for them by private investors is high,” explained Karpunin.
The fourth tip is to purchase shares after relocation, that is, after re-registration of the company’s issue document in another country.
“Strong selling waves are possible in the first days of trading of local shares after re-registration. This can lead to extremely unfair deductions. The expert noted that such moments are interesting for purchases.
In conclusion, Karpunin recommended paying attention to shares of Severstal and MMK, since these shares can return to paying dividends (percentage of profits) to shareholders, which will increase the price of the company’s securities.
Previously “socialbites.ca” saidWhen to buy foreign currency?