Stock Investing: Everyone’s Game Now
In recent years, the concept of stock investing has become increasingly popular. Groups that seem to have little interest in finance and economics, such as students and housewives, are starting to appear more in this market. According to the Vietnam Securities Depository Center, as of the end of 2023, there were 7.2 million individual investor stock accounts registered domestically. This means that the number of investors has exceeded 8% of the population.
Amidst skyrocketing real estate prices, volatile gold prices, and the need for significant capital, stock investing has become a favored investment channel for many. Compared to traditional investment methods, stocks are flexible and require less capital, making them more favorable during difficult economic times. “I invest in stocks to accumulate for big goals like buying a house, buying a car in the future. Stocks are suitable for young people with little capital but have the ability to constantly update and be sensitive to information,” shared Mr. Duc Manh, an office worker in Ho Chi Minh City.
Many young people have achieved their goals thanks to early and proper stock investing. Ms. Diem My (an accountant) has been in the market for many years, and the profits from her investments have helped her family achieve their land purchase goal ahead of schedule. According to Ms. My, “Investing is not always smooth, the key is patience, the ability to observe and seek accurate information will help generate profits.”
Stocks: Not a Piece of Cake
Alongside successful investors, there are still many young people struggling when participating in stock investing. The reason for the failures of new investors usually lies in their lack of knowledge. To thrive in the market, it not only takes time to observe and learn but also requires appropriate financial mindset preparation. A single book or a short course cannot provide enough necessary information for a novice.
From a failure, most new investors will panic and try to “recover” in an impatient manner, leading to a series of losses. If they only focus on chasing profits and short-term liquidity, investors are prone to fall into FOMO (the fear of missing out) mode and make wrong decisions. The rate of cases where investors listen to incorrect investment advice and are “led” is not insignificant. Investors need to be self-directed and should not entrust their investment decisions to anyone. In addition, investors with small capital should also find a reputable organization with suitable support policies to have a more favorable start.
Can Success Be Immediate?
Although it requires a lot of preparation, achieving effective investment results right from the start is still a feasible matter for many young people. Participating in the market for over a year, Mr. Duc Manh has already made his first profits. This has become a great motivation for him to continue conquering new goals. “The first stage is always the most difficult. I was fortunate to succeed immediately because I learned from the knowledge of those who came before me and received many advantages by opening a stock account with Mirae Asset. Therefore, everything went much smoother,” he said.
Mirae Asset Securities accompanies investors right from the start.
Not only Duc Manh, but many young investors are also more stable with the support of Mirae Asset Securities. Specifically, new investors who open accounts will benefit greatly from the “Hero From Zero” program. Accordingly, customers enjoy the Zero Fee promotion – Zero transaction fee (excluding the 0.027% exchange fee as stipulated by the regulations). The preferential program applies to both X1 and M1 accounts. In addition, during this period, customers who open margin accounts will also enjoy a preferential interest rate of only 7.99% per year, receive a lucky red envelope worth 199,999 VND, and have a chance to win valuable prizes. Through this program, Mirae Asset Securities aims to give customers a truly favorable and perfect start so that they can achieve success right from the outset.
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