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Regain Confidence in the Stock Market with a Solid Investment Plan

Guest Post | November 22, 2022

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The global financial conditions are becoming tighter due to high inflation in the U.S., Canada, and the largest European economies. As a result, reduced household purchasing power affects how Canadians invest in the stock market. According to data collected by Yahoo! Finance news, 7.5 million Canadians have no confidence in the stock market, and one in four Canadians are looking to minimize their market losses by cashing out in 2022.

Navigating the financial world can be overwhelming because you don’t trust the market or your capacity to play it carefully. But you can regain confidence in the stock market and stay on track during times of uncertainty by following a solid investment plan.

Get Knee-Deep in Research

It’s essential to dig deep into the market and analyze stocks to identify the best investment opportunities. Using analytical methods to perform calculations incorporating probabilities and historical returns will help you understand the market’s condition.

Understanding the market will help you take the right next step that benefits your portfolio and financial health. Looking up historical data of investments you own may also give you an idea of the actual damage caused by the market or what you can expect in the future. However, it might be helpful to consult a professional if you don’t have access to the resources required to calculate or have deep knowledge about the system.

Collect Funds to Invest Safely

You might be wary of investing in the stock market if you don’t have sufficient funds in your account. It may seem risky to invest savings or your income into the stock market, especially when the market is unpredictable. However, you can still invest funds without disrupting your monthly cash flow by taking a short-term loan. A licensed online payday lender like GoDay that serves locations across Canada enables you to borrow funds and invest them in the stock market per your needs. They offer flexible borrowing options, allowing you to choose how much you want to borrow and determine the borrowing costs based on when you expect to repay the funds.

Gradually Re-Enter the Market

Many investors lose confidence in the stock market as they invest large amounts initially, and the results don’t match their expectations. Start investing a small amount and gradually begin your re-entry, as this will allow you to build your stock position slowly. You can adjust the level of investment and risk as you observe the market conditions.

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Diversify Your Investment Portfolio

The saying “don’t put all your eggs in one basket” is highly applicable in the world of investing, as a diversified portfolio maximizes your earning opportunities and reduces the impact of any adverse market action. The strategy involves spreading your money across different stocks to mitigate your risk and preserve your investment.

You can diversify your stock portfolio in a few ways by spreading your wealth, building your portfolio with new investments, and understanding when to get out.

The Canadian stock market can seem risky due to unexpected fluctuations. With a solid investment plan, you can reduce your risk and regain confidence in the stock market!


NCFA Jan 2018 resize - Regain Confidence in the Stock Market with a Solid Investment PlanThe National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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