You Don’t Need to be Warren Buffett to Invest in Stock Market
Not long ago when I opened my online trading account, my officemate saw me and criticized for having a stock market account. “Are you an expert on stock market?” I didn’t answer to end the conversation. The more you talk, the worse it gets so I just smiled. But then I said to myself, “You don’t need to be Warren Buffett to invest in the stock market.”
The thing is, skeptics have the loudest mouth but don’t get things done. Worse, their comments don’t empower people at all. That incident inspired me to write this post. Perhaps I could let someone forward this post so she could learn the least.
So that’s what I did. I did not say a word. I only smiled and thought, perhaps he was right and maybe he was wrong. He was right in a way that I am not an expert in stock trading. I admit that. Gosh, who is? And maybe he was wrong.
I never tried their demo account. I never researched anything about their trading platform. What prompted me to make a move is that it is recommended by Bo Sanchez. He trade stocks through COLFinancial. Even his maids and drivers invest on it too. So why shouldn’t I?
Now my account is good and I earn a bit. But my earnings are higher than saving my money in banks. In a savings account you would only earn roughly 1% per annum. While in stock market you could earn as much as 20% per annum.
You don’t really need the knowledge of Warren Buffett to start. You don’t have to be a stockbroker either. COLFinancial provides a daily investment guide that you can refer what stocks to buy. And you don’t need a huge amount to start investing. At Php1,000 you can already open an account. Read my other post on how to open an account with COLFinancial.
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Juan Investor is a personal finance and investing blog. We also cover a wide range of topics including e-commerce, entrepreneurship and cryptocurrency.