How to buy your first Stock as a beginner

How to buy your first stock as a beginner. Step by step guide. How to buy your first stock. This is a step-by-step process on how to invest in the stock market as a complete beginner. First of all, you want to create an account with a broker. A broker is the app that you use to invest in the stock market. So you need a broker. There are brokers that you can use. We have Bamboo. Bamboo allows you to invest in the Nigerian and the US stock market. We have Yotcha. Yotcha allows you to invest in Nigeria and US stock market. We have Cowry Rice. Cowry Rice allows you to invest in the stock market. We have Stampic IBTC Asset Management. We have Meristem. We have Cardinal Stone. We have Atlas. There are many. We have Invest Ninja. There are many legit stock. Many legit stock brokers. Pick anyone, register and get verified. When you are being verified, they will ask you to provide important details, which include your BVN. It is totally safe to give this broadcast. So provide your BVN registered and wait to get verified. Some of these brokers might take between 24 hours to two weeks or even one week to get you verified, depending for the Nigerian stock market, you can get verified in a day or less. But for the US stock market, it can take longer than that. When you've been verified, the next step is to fund your broker. Funding your broker is not difficult. It's as easy as transferring money to another bank or to another account. Brokers will provide you with a unique account number specific to you that you can transfer money to. When you have transferred money to the account, it's going to reflect in your broker app. So when you fund your wallet, the next step now is to now invest in the stock market. That is the time you should ask yourself questions. Which stock should I invest in? Why am I investing in stock? What is my goal? Am I investing for dividends? Investing for the sake of dividends, then you should focus more on buying dividend paying stocks, not stocks that don't pay dividends. Not all stocks pay dividends. Some stocks don't pay dividends. Some stocks consistently pay dividends. So if you want to invest for dividends sake, focus on dividend paying stocks like Dangote Smits, Zenith Bank, Okomolo, Presco, Aradelle. These are some stocks that have consistently paid dividends. If you are investing for growth and dividends, then do a mixture of the two. Invest in both growth stocks and dividends paying stocks. Right. If you are very young, you can take a lot of risks. Then you can invest in stocks that have more growth potential. Are much advanced. You can focus on investing in blue chip stocks. Blue chip stocks are stocks of very solid companies that have stood the test of time. Large companies and corporations like Dangote, like MTN, these are blue chip stocks. But growth stocks are stocks of smaller companies that have not been in the stock market around for years. Have not been around for a very long time. But these stocks have potential of more growth. Then also, one other thing you want to do before buying stock is to do simple basic analysis. Like what is the company like? What sector is the company playing in? Is the company profitable? What will the company be like in the next five to ten years? What is the PE ratio of the company? What is the earnings per share of the company? What is the market cap of the company? These simple parameters help you give you an idea if the company you are buying is good, or if the sector you are investing in is good. This is basic analysis. How to do the stock market. After doing all and getting clear on the stocks you want to buy, then you buy the stocks. It's simple. Just with pressing your button. If you can use a bank app, then you should know how to invest in the stock market. Then you buy. When you buy, this is the hard part you wait. That is it. Most people think that when you buy stock immediately, you just... No, it doesn't happen like that. Especially if you are investing, you wait for the stock to work. You can wait one month, you can wait three months and see the performance on the stock. Of the stock. If you are a long term investor, you don't just buy a stock once. To consistently buy as long as possible. That is why you should always invest in a stock that you believe in. So that you can consistently put money into the stock for as long as possible. For stocks that I've been buying for years, consistently every month, them for the past two years. Assets I've been buying for the past five years, consistently. The only reason I'm doing this is because I believe in the asset. So if you are buying a stock and asset in it, you must believe in it. You must understand it to the level that you can explain it to a 10 years old. Why you are buying that stock and why you are buying that asset. That is basically how you can stock market as. It's not a complicated process. A broker you have registered an account. You're halfway there. The other part is just basically understanding fundamentals of the stock analysis and how a stock will likely perform. And you can my free class that's coming up next week, Wednesday by clicking the link on my bio. When you click, you can join my group where I'm going to teach you a lot about the stock market. So if you're a beginner looking the stock market, you need guidance. That will put, that will teach you how to analyze stocks. So that you make the right investment decisions. By all means, be part of the class. Click the link, join my group and you can... And I can't wait to have you there. My name is Oruka Otuene and God bless for watching this video. I must warn, I will never ever message you first on any platform. Ever come to your DM first. So if anybody DM first claiming me and if you're already chatting, go and check. It is the you first. That is not me. I will never ever message you first on any platform. Stay blessed and enjoy the rest of your days. Bye bye.