This video will provide you with tips on dealing with stock market tips
Edited Highlights
0:25 This video will provide you with tips on dealing with stock market tips
1:27 The video will give you tips on how to not lose money with stock market tips and guide you on the questions you need to ask
1:42 First question that you need to ask is why a person is giving you stock market tips
2:04 Since the stock tips are ostensibly provided to make you rich, the question is why are they being provided free
2:18 Ask yourself what's in it for the other person and what's in it for you
2:23 Check whether the information makes sense to you and check whether you can really take advantage of the information
2:45 Ask yourself whether you have the skill to understand what the tip is all about
2:50 Next question is how early are you getting this information
2:54 If you are getting this information later than many others, can you still take advantage of the information?
3:17 Ask yourself why you need to make money so quickly? Do you need the money right now?
3:50 If you are a long term investor, not a trader, you shouldn't be doing this
3:56 You need to be clear whether you are a trader or an investor. Remember, an investor buys into the investment story of a company
4:11 When you are an investor, you grow with the company and benefit from its stock's appreciation
4:33 If you think you are a trader, do you think you have the time and skill to do the trading
4:46 If you ask these questions, almost all the stock tips fall flat on the ground
5:05 If it is truly valuable information, it shouldn't come to you free
5:14 If you don't understand the tip, you buy a stock about which you know nothing and how to take advantage of it
5:44 If you are getting the information very late, others would have acted on the information and the stock would have appreciated
6:25 Often, people believing in a stock provide tips in favour of the stock to make people buy the stock. This benefits the people providing advice
7:03 As an investor, consider fundamentals such as company earnings, quality of management, competition and prospects
7:11 If you can't do so much in stocks investing, opt for equity funds where fund managers do the homework for you
