Are you a beginner in the stock market? Want to use it as a regular source of earnings? You must know these tricks to make your share market journey a smooth one.
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It’s your hard-earned money and you are the best one to take care of it. Do not go with some hot tips or advice given by someone else. We often get influenced by our neighbors or relatives when buying stocks. It may backfire. You know your own risk management ability and only you know how far you can go with it. So, you will be the best person to judge and act accordingly.
Reinvesting your dividends allows you to buy more shares and create wealth over time. By doing so you can increase the value of your investment than simply taking the cash. You can even use a Dividend Reinvestment Plan or DRIP that automatically uses the dividends to purchase more shares of the company.