GREAT! YOU’RE READY TO START INVESTING IN STOCKS
HERE’S WHAT YOU DO
Decide how much you want to invest
Before you take the plunge and start investing in the stock market, you must first decide how much you are willing to invest. This, of course, is a highly personal decision, and depends on your income, savings, and other financial obligations. Generally, most stockbrokers require a minimum of $2,000 as a start for investing in stocks. You should never invest money you are unwilling or unable to part with. You should fully assess your financial situation with a broker to determine how much you can or are willing to invest.
Choose and talk to a stockbroker
There are currently seven (7) licensed brokerage firms or stockbrokers operating within Trinidad and Tobago. Before you begin investing in the stock market you will first need to consult with a stockbroker. Your stockbroker acts as a liaison between you and the Exchange, and you even have the flexibility of using more than one broker. You should however, choose someone who can offer you sound financial advice, who is accessible, and who can explain terms you may be unfamiliar with, or just need clarification with. It is also important to choose someone who will listen to your final decision regarding what stocks to buy or sell.