One day I was chatting with a friend about investments and how she was handling her financial future. Her reply was such a surprise that I started stammering. She said that since she did not go to college, she feels she has no qualifications to join the world of finance and investments, so she stays out of the game.

Don\’t get me wrong. I\’m nobody\’s miracle broker. My family has a team of people managing the stock we buy and the trades we make, and we rely on them heavily to make sure things keep moving forward as smoothly as humanly possible. And there\’s nothing wrong with that. But I value the fact that I have the opportunity to observe what they\’re doing and use that information to gain a basic understanding of how the stock market works and what that can do to help keep my family and myself in one piece.

You Don\’t Need a College Education…

I would like to dispel one investment myth once and for all. That myth is that you must have in your possession a Harvard MBA to have any chance of successfully investing money in the stock market. If this is the only obstacle to your financial plan, get over it. You do not need a fancy diploma to put your money to good use in the financial markets.

Stock trading, particularly if you engage the services of a professional, hardly requires a college degree. Actually, you don\’t need any type of formal training at all. You do, however, need enlightenment as to how these financial instruments operate before you lay down your cash.

Before you dive feet first into stock trading, you should do two things. First and foremost, sit down with yourself, your future and plans and yes, your spouse, if you\’re married, and set some long-term financial goals. Where do you want to be in five years? Ten? Fifteen? Having those numbers in your head will go a long way toward helping you start moving forward on the path to financial success. It will also help your financial advisor and/or stock broker know where to start and what kind of plan will work best for you.

Do not Relinquish all Controls

Even though someone else is managing your funds, don\’t let them run amok. Putting your financial future in the hands of another is tantamount to letting your mechanic manage everything associated with your car. Soon there will come a time with you on a lonely road with that oil light coming on and staying on frightening you to death because you don\’t have a clue what to do about it. You find yourself in this situation because you didn\’t take the time to read your car\’s owners manual or pay attention to what the mechanic was telling you every time your car got sick and you put it in his custody. Not good.

Okay, let\’s return to finances and investments. Before you begin your stock trading, spend the necessary time to learn the basics. You don\’t have to know how to create a dizzying brilliant financial analysis report, graph trends or have an $80,000 college education. You just need Trading 101. Search for a recognized and reputable program aimed at beginners that will hook you up with experienced, professional traders who can tell you about the realities of the market.

Now that you have some training and a trusted financial advisor backing you up, you can now proceed with stock trading your way to financial success.

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Author Bio: If you enjoyed the previous article, you may go and check out additional related articles or reviews at Compound Stock Earnings or this Compound Stock Earnings Post.

Category: Education
Keywords: compound stock earnings,stock market,trading,investing,investment,personal finance,education