When investing in the stock market.....actually take your time to think!

Picture your last stock investment. How much time did you research your investment prior to pulling the trigger? If you spent more than an hour, well then you probably beat most individuals. 

So many investors watch / read cnbc.com, Bloomberg or BNN and blindly follow recommendations. Remember often these recommendations come from someone who has a vested interest in you investing. Do your research! This is your future we are talking about.  

Here are some simply ways to get a better grip on your investing ideas:

• These are public companies! Go on Sedar, Edgar or the companies website and download the latest financial statements. Review the information (if you don't understand either type into google or send me a message); 
• Look up recent news articles on these companies;
• Read the most recent MD&A; 
• Take more time thinking about the pros and cons then how long it takes you to decide what type of coffee you want at Starbucks; 
• Research online some typical KPIs (key performance indicators) for the industry and try and see if your potential investment is doing well); and, 
• Only invest an amount that if all goes bad it won't ruin your financial future. 

Happy Travels