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Some of you reader are already
active investors while others hope eventually to begin an investment plan.
This text is to help you understand
the nature of the securities market and invest vestment opportunities. It does
not
offer a get-rich-quick type of
approach. Investing effectively and properly is rarely easy and simple.
Before
you jump right in, it is better to not only find out more about investing and
how it all works, but also
to determine what your goals are.
What do you hope to achieve with your investments? Will you be funding a
college?
education? Buying a home? Retiring?
Before you invest a single penny, really think about what you hope to achieve
with that investment. Knowing what
your goal is will help you make smarter investment decisions along the way!
I would advise anyone who
is about to put their money into the stock market understand one main thing,
you can make money, a lot if you do
your due diligence and follow some time-tested principles but you can also
lose all your money and principle
investment. That is why it is so important to strongly consider talking to a
financial
planner before making any
investments. Your financial planner can help you determine what type of
investing you
might want to do to reach the
financial goals that you have set. He or she can give you realistic information
as to what
kind of returns you can expect and
how long it will take to reach your specific goals.
Investing requires more than calling a broker
and telling them that you want to buy stocks or bonds. It
takes a certain amount of research and knowledge about the
market if you hope to invest successfully.
Here are just few well known Broker that can offer you help
and guidance.
: www.vanguard.com
: https://privatebank.jpmorgan.com
: www.TD Ameridrade
: Us.etrade.com
These
are just four the list goes on; I suggest you make a list of goal that you want
to accomplish and then and then a list after talking with a few broker decide
on a strategy to approach to attack. you may even want to take the do-it
yourself approach like so now many others are taking days. if that is the case
be prepared.
Avoid
these mistakes as best as you can.
Along
the way, you may make a few investing mistakes, however there are big mistakes
that you absolutely must avoid if you are to be a successful investor. For
instance, the biggest investing mistake that you could ever make is to not
invest at all, or to put off investing until later. Make your money work for
you – even if all you can spare is $20 a week to invest! I personally believe
that to have a winning strategy one must purge their mind of fear and root
themself in the present moment because fear isn't real, it is an emotion to
something that may or may not happen, fear itself cannot kill you. now that
being said. the other old saying goes when you see the streets running red with
their blood it's time to buy. there are two things for sure, the market is
volatile, and the stock thrives on emotions.
Essential to succeed
While
not investing at all or putting off investing until later are big mistakes,
investing before you are in the financial position to do so is another big
mistake. Get your current financial situation in order first, and then start
investing. Get your credit cleaned up, pay off high interest loans and credit
cards, and put at least three months of living expenses in savings. Once this
is done, you are ready to start letting your money work for you.
&nb
sp;
PAITENCE, PAITENCE, PAITENCE.
Don’t
invest to get rich quick. That is the riskiest type of investing that there is,
and you will more than likely lose. If it was easy, everyone would be doing it!
Instead, invest for the long term, and have the patience to weather the storms
and allow your money to grow. Only invest for the short term when you know you
will need the money in a short amount of time, and then stick with safe
investments, such as certificates of deposit.
Don’t put all of your eggs into one
basket. Scatter it around various types of investments for the best returns.
Also, don’t move your money around too much. Let it ride. Pick your investments
carefully, invest your money, and allow it to grow – do not panic if the stock
drops a few dollars. If the stock is a stable stock, it will go back up.
CONCLUSION
A common mistake that a lot of
people make is thinking that their investments in collectibles will really pay
off. Again, if this were true, everyone would do it. Don’t count on your Coke
collection or your book collection to pay for your retirement years! Count on
investments made with cold hard cash instead.
