Are you currently investing in stock? That is the question because the time is now. You should be. With everything that is going on, even if you have not invested before, now is the time to do so. There are so many apps now available for novice investors, so there really are no excuses when it comes to understanding the stock market and becoming your own guru. Robinhood is one app that allows you to ease your way into it seamlessly and invest at your own pace with the most minimal fees. Try it for free: https://join.robinhood.com/patrict2541.
Have you heard of the 13 year old accomplished day trader Christon Jones? We have, and Jones was kind enough to provide us all with extremely useful key tips to fiscally surviving in a tanking market that we can all use no matter your age:
Learn how to invest in the stock market. It’s important for one to fully understand their goals and objectives when investing in the stock market. Blindly going into the market without a definite goal will cause you to lose unnecessary cash and time. So be specific, understand your risk tolerance, determine specific industries and choose companies that you patronize currently.
Learn how to trade options. This step requires you to study the industry and the particular company that you are looking to invest in. You should research its past performance, so that you can decide which direction you predict the stock to move. Predict how high or low the stock price will move in comparison to its current price. Also, you will need to try and predict the time frame for movement for the stock.
Learn call options. Call options are financial contracts that give the option buyer the right, but not the obligation, to buy a stock, bond, commodity, other asset or instrument at a specified price within a specific time period.
Learn put options. A put option is a contract giving the owner the right, but not the obligation, to sell, or sell short, a specified amount of an underlying security at a pre-determined price within a specified time frame. The pre-determined price the put option buyer can sell at is called the strike price.
Learn how to monetize cover calls. This type of option is best used when the investor would like to generate income off a long position while the market is moving sideways.
Understand the difference between a correction and recession. During a correction, prices fall significantly across a single asset, industry or an entire market. A recession occurs when an entire economy contracts for more than two months.
Invest in dividend-paying stocks only. Investing in stocks is a good way to grow wealth in the long run, and it’s a wise strategy to employ in the course of saving for retirement. But if you’re going to put money into stocks, it pays to load up on those that pay dividends.
Find gems. A gem is defined as something that’s prized. A hidden gem, then, is something that is prized that no one knows much about. With the stock markets soaring, gem stocks are often those that are undervalued compared to the overall market or their peers.
Take advantage of discounted stocks. A discount on stock occurs when the stock’s par value is higher than the issuing price. The difference between the greater par value and the lesser issue price is considered the discount. This represents the amount of the par value that investors were unwilling to pay for when the stock was issued.
Use margins. Over time, your debt level increases as interest charges accrue against you. As debt increases, the interest charges increase, and so on. Therefore, buying on margin is mainly used for short-term investments. The longer you hold an investment, the greater the return that is needed to break even.
About Christon Jones
Mr. Christon “The Truth” Jones is a 13 year old accomplished day trader, entrepreneur and an international speaker. Truth has spoken in 3 continents as a Certified Les Brown Speaker, while also writing “3” international best-selling books. As a child prodigy, Truth continues to excel at youth sports as he is also an MVP for All American Youth Football.
Christon “The Truth” Jones is on a mission to help 1000 people become successful. Through his company (Return on Investment, LLC), where he primarily focuses on teaching the principles of trading while achieving upwards to 6 figures in return.
During this time of uncertainty “Truth” has counseled and coached many of his students(Median age of 30 to 50 years old) into earning $15K or more a week by trading in our current market. Truth is determined to educate the market on proper investment strategies to survive during these troubling times.
Truth has been featured in multiple outlets due to his unyielding success in the industry at his age. He has appeared on ABC, NBC, CBS, & FOX. He has also been featured in Black Enterprise and Black Business.com.