Are you one of the many people who have
read about the advantages of investing regularly in
the stock market? Do you want to get started but you
are not sure how to go about it? This page is
designed to give you the basic steps to start right
from the beginning to build a portfolio that is going
to serve you year after year.
Even if you are an experienced investor,
you might like to use this table as a guide to value
investing and to make sure that there are no gaps
in your understanding.
Quick
Guide to Successful Value Investing
Step 1
Learn some of the basic
principles of investing and the importance of getting
started with a regular investing plan.
Even better, do as many do, download all the
articles on the articles
page. Then take your time and read those that
interest you the most.
Step 2
Update yourself on investment
approaches and the uniqueness of Warren Buffett.
Start to become familiar with some of the main web
sites that have comprehensive fundamental data as
well as current prices and press releases.
You will see many books
on Warren Buffett on our books page. I particularly
recommend Buffett:
The Making of an American Capitalist. Microsoft
MoneyCentral
and Yahoo! Finance
are two examples of excellent web sites with large
amounts of data in simple format.
Step 3
At this stage you are
ready to build your portfolio by finding those undervalued
companies with sound growth rates. It will be helpful
to become familiar with the use of spreadsheets
such as Excel to handle your data.
The Valuesoft
Investment System will help you find great companies
with consistent returns year after year. For this
you will need Excel. Also you will need some way
of keeping a record of your portfolio. This can
be done through your on-line broker or some of the
major investment sites, or by purchasing software
such as Quicken.
Step 4
Keep it simple, wait
for the right opportunities in the market place
to buy the stocks you want at the right prices,
and have fun. Let the magic of time and compound
interest do it for you.
Visit a friend, read
the Wit and Wisdom
of Warren Buffett, look at our cartoons,
and phone another company for an investor kit. Think
about those who have had fewer opportunities than
you and see how you can help — either personally
or by supporting a cause you believe in.
Further
Help Please contact me if you need
more help or would like further information on
any of the above steps. You can contact me at
support@sherlockinvesting.com
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