Despite all of the horror stories that you might hear In
the news concerning the stock market, investing is still a
very important aspect of securing you" financial future and
building long-tem'| wealth. Before you take the leap into
the investment world there are five tips that first time
investors should pay dose attention to.
the news concerning the stock market, investing is still a
very important aspect of securing you" financial future and
building long-tem'| wealth. Before you take the leap into
the investment world there are five tips that first time
investors should pay dose attention to.
1. Make sure that you are financially ready to invest. Have
you cleared up your outstaiding debts or at least made a
plan for getting out of debt? Do not count on your
investments to help you get out of debt. That is not what
investing is about. If debt is a problem for you the best
investment you can make at this time is to use the money to
pay off or pay down the debts that you currently have.
Ideally, before you Invest, you should make sure that your
income covers all of your bills and living expenses, that
you have full control of any debt that you have, that you
have money reserved for emergencies and that there is
actually extra money to invest - even if you only have $20
to invest each week or month.
you cleared up your outstaiding debts or at least made a
plan for getting out of debt? Do not count on your
investments to help you get out of debt. That is not what
investing is about. If debt is a problem for you the best
investment you can make at this time is to use the money to
pay off or pay down the debts that you currently have.
Ideally, before you Invest, you should make sure that your
income covers all of your bills and living expenses, that
you have full control of any debt that you have, that you
have money reserved for emergencies and that there is
actually extra money to invest - even if you only have $20
to invest each week or month.
2. Practice Investing with play money first. Before you use
your real, hard eamed money to invest, practice Investing
with play money. You can sIg1 up with numerous stodc market
s'mulation games online, and most of these simulation games
we free to join.
Summary
Mmy first time investors lose their entire investment imply because they
didn't know enough about investing or what they should or should not
do before jumping into the market. There are five things every first time
Investor can do to increase their odds of having a positive experience vvlth
their first investments.
didn't know enough about investing or what they should or should not
do before jumping into the market. There are five things every first time
Investor can do to increase their odds of having a positive experience vvlth
their first investments.
More Links:
No comments:
Post a Comment