Practice Investing In Shares With This Simple Tool
If you are not quite ready to commit your funds to stock investment, the good news is that you can still commence your stock investment learning experience by investing hypothetically with the Yochaa “Trade” tool.
Time and again, we have highlighted not just the advantage of investing but the advantages that specifically come with investing in shares.
From the joy of watching your investments grow exponentially, to being a part of the growth of your economy, and even the dividend gains, stock investments are amazing for the investors who are willing to take necessary efforts to learn and understand how they work.
While there are many stock exchanges across the world trading different kinds of securities, the Nigerian stock exchange has proven to have a lot of potential especially in terms of growth, and the many foreign direct investments that have entered the economy and will still do, is testament to this fact.
No doubt, the Nigerian Stock market has some of the biggest businesses in terms of their growth and even dividend pay-out ratio, depending on the goal of the investor.
If you have been hesitant on investing thus far, it’s only normal. You might have certain stories about people who have lost their funds to investments in the stock market and are now opposed to it.
Just as most good things do not come easy, there are indeed risks to investing in whatever form that exists. However, having a proper understanding of the dynamics of any stock invested in could have saved many investors from loss.
Also, a number of investment strategies exist to equip investors with tools on mitigating against risks and many of them have been shared on this platform. The more you know, the better your chances of coming out on top.
If you are not quite ready to commit your funds to stock investment, the good news is that you can still commence your stock investment learning experience by investing hypothetically with the Yochaa “Trade” tool.
To do this, you simply open the Yochaa app, and click on the “Trade” icon. This icon will open a page that shows you “Self Practice” and “Analyst-led Practice.” While Analyst led practice will show you investments made by the Yochaa admin team with notes on why we chose what investment and why.
The Self practice tool allows you do anything you want with it. You can invest fictitious sums of money with real-life investment scenarios. Real stocks, real market trends, real dividend rates and so on.
You also have the opportunity to check the state of your investment portfolio with the “Portfolio” tool. While the idea is not to keep practicing for years to see if your imaginary portfolio will grow significantly, it gives you a basis to apply all the investment strategies and concepts shared.
With this tool, you can choose the kind of stocks to invest in, reinvest your dividends, and learn about exactly how the investment world of stocks works.
That way, before you invest real funds, you will have significantly reduced your chances of making a loss based on your own lack of experience or lack of understanding. Try it today!
Written by Lawretta Egba