Buying and selling on the stock market is a skill that must be learned over time. Both research and experience will teach you good and bad places to put your money for maximum returns. So your portfolio can't be funded overnight. Follow these easy steps to create wealth and prosperity in the meantime while you are fine-tuning your stock market strategies.

You've decided that you want to focus on high-yield stocks. But this is only the first step to becoming a successful investor. Ask yourself how you would like to receive your income, and review an introductory option tutorial. This will teach you how to buy call options as a surrogate for underlying stocks at a discount. And, as you progress, remember to keep abreast of trends in the world of stock options on an ongoing basis.

Whoever, wants to go for stock market trading should have a online trading account with recognised broker so that the broker can submit monthly consolidated statement of your transactions and transfer the funds electronically to your account during the last week of every month. This shall enable you to assess your monthly earnings and go for suitable withdrawals on monthly basis for spending. This easy system enables your auditor to assess the statutory tax payable and file the return with income tax authorities with ease and without any fuss along with tax payment or claim excess payments if any from tax deducted as source based on broker's monthly statement and credits.

If you are using tax-deferred earnings to do your stock trading, or you don't require regular income, then it is beneficial to you to also invest any dividends that you earn back in to purchasing more stock shares. Doing this will increase your earnings as it will compound your interest.

When tracking your stock market trading activities, it is important to keep a good record of all the dates and information regarding dividends and payouts you've received. Keeping good records helps you to stay on top of the money coming into your account.

Profitable stock market trading requires carefully timing your purchases. Generally the preferred time to buy is immediately after a stock has paid a dividend. There is a purchase plan available if the current price is beyond your comfort level; only a third of the price is required immediately, with the remaining only paid if the cost declines and then increases again. It is important to remember these guidelines to ensure that the highest value is realized during the sale.