This document provides a summary of key points from a book about investing for beginners. It covers establishing investment goals and risk tolerance, getting finances in order before investing, and developing an investment strategy. The strategy should align with one's goals, risk tolerance (conservative, moderate, or aggressive), and focus on long-term growth over get-rich-quick schemes. Common mistakes like not investing, timing the market poorly, or relying only on collectibles are discussed. The overall message is for beginners to educate themselves, start small and be patient, and diversify investments for steady returns over time.
An easy to understand guide to investing in securities like stocks, bonds and mutual funds for your financial future. This is material taken from chapter two of my book, "Figuring Out Wall Street".
The Importance of proper Financial Planning. Navigating the financial world is a minefield, make sure you know what steps you need to take to ensure you don't lose money.
An easy to understand guide to investing in securities like stocks, bonds and mutual funds for your financial future. This is material taken from chapter two of my book, "Figuring Out Wall Street".
The Importance of proper Financial Planning. Navigating the financial world is a minefield, make sure you know what steps you need to take to ensure you don't lose money.
A comprehensive guide book on Savings and InvestmentDeepika Jha
Lean the following with this guidebook -
1. Key differences between Saving and Investment
2. Basics of Investment Planning
3. Financial Plan - Concepts & factors for Success
4. How to plan for your life-stage
Introduction to investing - for young adultsAbhijit Pal
Introduction to the world of investing - for kids. Generally the web is full of information, but it is difficult to get hold of a presentation, which will help young adults to understand the varieties of investment. It is important to have understanding of investment 101, before attaining the age of investment.
Savings and Investment
01. Savings Bank Account
02. Bank Fixed Deposit
03. Company Deposits
04. Bank Recurring Deposit
05. Post Office Recurring Deposit
06. Post Office Term Deposit
07. Public Provident Fund
08. National Savings Certificate
09. Kisan Vikas Patra
10. Sukanya Samriddhi Yojana
11. Senior Citizen Savings Scheme
12. Post Office Monthly Income Scheme
13. RBI Savings Bond
14. Capital Gain Tax Exemption Bond or 54 EC Bonds
15. Rajiv Gandhi Equity Savings Scheme
16. Inflation Indexed Bonds
17. Mutual Funds
18. Stocks and Equity
19. National Pension System
20. Unit Linked Insurance Plans Protection
21. Health Insurance
22. Life Insurance
23. Annuity
Income Tax
24. Income Tax Planning
25. Tax Planning Strategies
investment strategies to grow your income. How much risk can you subject your investments to? How much can
you afford to lose in the near future? Remember that most forms of
investment have risk associated with them. Simply pick investment
instruments that match your risk tolerance.
The beginner's guide to investing intelligently from the start! From the stock market to real estate! Tips, suggestions, strategies, discussions, things to beware of and more!
Never make a bad investment or lose your money again!
A comprehensive guide book on Savings and InvestmentDeepika Jha
Lean the following with this guidebook -
1. Key differences between Saving and Investment
2. Basics of Investment Planning
3. Financial Plan - Concepts & factors for Success
4. How to plan for your life-stage
Introduction to investing - for young adultsAbhijit Pal
Introduction to the world of investing - for kids. Generally the web is full of information, but it is difficult to get hold of a presentation, which will help young adults to understand the varieties of investment. It is important to have understanding of investment 101, before attaining the age of investment.
Savings and Investment
01. Savings Bank Account
02. Bank Fixed Deposit
03. Company Deposits
04. Bank Recurring Deposit
05. Post Office Recurring Deposit
06. Post Office Term Deposit
07. Public Provident Fund
08. National Savings Certificate
09. Kisan Vikas Patra
10. Sukanya Samriddhi Yojana
11. Senior Citizen Savings Scheme
12. Post Office Monthly Income Scheme
13. RBI Savings Bond
14. Capital Gain Tax Exemption Bond or 54 EC Bonds
15. Rajiv Gandhi Equity Savings Scheme
16. Inflation Indexed Bonds
17. Mutual Funds
18. Stocks and Equity
19. National Pension System
20. Unit Linked Insurance Plans Protection
21. Health Insurance
22. Life Insurance
23. Annuity
Income Tax
24. Income Tax Planning
25. Tax Planning Strategies
investment strategies to grow your income. How much risk can you subject your investments to? How much can
you afford to lose in the near future? Remember that most forms of
investment have risk associated with them. Simply pick investment
instruments that match your risk tolerance.
The beginner's guide to investing intelligently from the start! From the stock market to real estate! Tips, suggestions, strategies, discussions, things to beware of and more!
Never make a bad investment or lose your money again!
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Women can't afford to avoid investing, but they don't have to do it alone either. Do your due dilligence on selecting a financial advisor who actually has additional credentials beyond just being licensed to sell you an investment. Ask the advisor how long they have been in the business, and what have they done to become a better advisor since they started. Just because someone has been in the business 15 years, doesn't mean they haven't simply repeated the first year 14 other times!
Investing Rules You Should Never Break is a concise and practical guide that provides investors with essential principles for successful and sustainable investing. This e-book covers the fundamental rules that every investor should follow to avoid costly mistakes and achieve their financial goals.
The book offers insights and advice on how to create a diversified investment portfolio, manage risks, and maximize returns. It also includes strategies for managing emotions and avoiding common behavioral biases that can lead to poor investment decisions.
Investing Rules You Should Never Break is an excellent resource for both novice and experienced investors who want to improve their investment outcomes. The tips and strategies presented in this e-book are actionable and backed by research, making it a reliable guide for anyone seeking to invest wisely and profitably.
Introducing Bank Loan Busters – Ways to Curb Your Debt Even If You Have a Huge Bank Loan. Inside this eBook, you will discover the topics about how debt affects your whole life, learn to live with necessities, make a budget, pay more than the minimum, don’t use home equity to pay off debt, reuse and recycle and put the savings on debt.
If you are beginning your investment journey (or if you want to rethink with a structured approach), there’s no better place to start! This document outlines a structured approach to investing that we wish we had when we started to invest.
GLOBALISATION AND SUSTAINABLE DEVELOPMENTviditgrover3
THIS IS PPT CONTAINS INDEPTH ABOUT GLOBALIATION AND SUSTAINABLE DEVELOPMENT.
HERE IS LINK FOR THE BESTT BOOK FOR ADVANCED
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THIS E BOOK IS VERY HELPFUL FOR ENTREPRENEURIAL
IDEAS AND SKILLS
FOR BEGINNERS AND START UPS. THIS E BOOK ALSO CONTAIN LINKS OF PHYSICAL BOOKS YOU CAN BUY
STUDY ABOUT ENTREPRENEUR IDEAS AND START UPS'
How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...beulahfernandes8
The financial landscape in India has witnessed a significant development with the recent collaboration between Poonawalla Fincorp and IndusInd Bank.
The launch of the co-branded credit card, the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card, marks a major milestone for both entities.
This strategic move aims to redefine and elevate the banking experience for customers.
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
2. - 2 -
Terms and Conditions
LEGAL NOTICE
The Publisher has strived to be as accurate and complete as possible
in the creation of this report, notwithstanding the fact that he does
not warrant or represent at any time that the contents within are
accurate due to the rapidly changing nature of the Internet.
While all attempts have been made to verify information provided in
this publication, the Publisher assumes no responsibility for errors,
omissions, or contrary interpretation of the subject Matter herein.
Any perceived slights of specific persons, peoples, or organizations
are unintentional.
In practical advice books, like anything else in life, there are no
guarantees of income made. Readers are cautioned to reply on their
own judgment about their individual circumstances to act
accordingly.
This book is not intended for use as a source of legal, business,
accounting or financial advice. All readers are advised to seek services
of competent professionals in legal, business, accounting and finance
fields.
You are encouraged to print this book for easy reading.
3. - 3 -
Table Of Contents
Foreword
Chapter 1:
The Basics
Chapter 2:
Should You Invest
Chapter 3:
1st Things 1st- Stabilize
Chapter 4:
Making Extra Assets
Chapter 5:
Strategy And Style
Wrapping Up
4. - 4 -
Foreword
When it comes to investing, a lot of first time investors want to jump
right in with both feet. Regrettably, very few of those investors are
successful. Investing in anything requires some degree of skill. It's
important to remember that few investments are a sure thing - there's
the risk of losing your cash!
Intelligent Investing
The Beginner's Guide To Investing Intelligently From The Start
5. - 5 -
Chapter 1:
The Basics
Synopsis
Before you jump right in, it is better to not only discover more about
investing and how it all works, but likewise to determine what your
goals are.
What do you hope to accomplish with your investments? Will you be
funding a college education? Buying a home? Retiring? Before you
invest a single penny, truly consider what you hope to accomplish
with that investment. Knowing what your goal is will help you arrive
at smarter investment decisions along the way!
6. - 6 -
The Start Point
Too often, individuals invest cash with dreams of becoming rich
overnight. This is possible - but it's likewise rare. It's commonly a very
bad idea to start investing with hopes of becoming rich overnight. It's
safer to invest your cash in such a way that it will grow slowly over
time, and be used for retirement or a youngster’s education. However,
when your investment goal is to get rich quick, you should learn as
much about high-yield, short term investing as you possibly may
before you invest.
You ought to strongly consider talking to a financial planner before
making any investments. Your financial planner may help you
determine what type of investing you must do to reach the financial
goals that you have set. He or she may give you realistic information
as to what kind of returns you may expect and how long it will take to
reach your particular goals.
Again, remember that 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 when
you hope to invest successfully.
7. - 7 -
Chapter 2:
Should You Invest
Synopsis
Investing has become increasingly crucial over the years, as the future
of social security advantages becomes unknown.
8. - 8 -
Important Info
Individuals want to insure their futures, and they know that if they
are depending on Social Security advantages, and in some cases
retirement plans, that they might be in for a rude awakening when
they no longer have the ability to earn a steady income. Investing is
the answer to the unknowns of the future.
You might have been saving cash in a low interest savings account
over the years. Now, you want to see that cash grow at a faster pace.
Perhaps you’ve inherited cash or realized some other type of windfall,
and you need a way to make that cash grow. Again, investing is the
answer.
Investing is likewise a way of attaining the things that you want, like a
new home, a college education for your youngsters, or expensive
‘toys.’ Naturally, your financial goals will determine what type of
investing you do.
If you wish or need to make a lot of cash fast, you would be more
interested in higher risk investing, which will give you a larger return
in a shorter amount of time. If you are saving for something in the far
off future, such as retirement, you would want to make safer
investments that grow over a longer period of time.
9. - 9 -
The overall purpose in investing is to create wealth and security, over
a period of time. It is crucial to remember that you will not always be
able to earn an income… you will eventually want to retire.
You likewise can't count on the social security system to do what you
expect it to do. As we have seen with Enron, you likewise can't
necessarily depend on your company’s retirement plan either. So,
again, investing is the key to insuring your own financial future, but
you must make bright investments!
10. - 10 -
Chapter 3:
1st Things 1st- Stabilize
Synopsis
Before you consider investing in any sort of market, you should really
take a long hard look at your present state of affairs. Investing in the
future is a great thing; however clearing up bad – or possibly bad –
situations in the present is more crucial.
11. - 11 -
Getting It Under Control
Pull your credit report. You should do this once each year. It is crucial
to know what is on your report, and to clear up any negative items on
your credit report as soon as possible. If you’ve set aside $25,000 to
invest, however you have $25,000 worth of bad credit, you are better
off cleaning up the credit first!
Next, look at what you are paying out each month, and get rid of
expenses that are not necessary. For instance, high interest credit
cards are not necessary. Pay them off and get rid of them. If you have
high interest outstanding loans, pay them off as well.
If nothing else, exchange the high interest charge card for one with
lower interest and refinance high interest loans with loans that are
lower interest. You might have to utilize some of your investment
funds to take care of these matters, however in the long run; you'll see
that this is the wisest course.
Get yourself into great financial shape – and then enhance your
financial state of affairs with intelligent investments.
It doesn’t make sense to begin investing funds if your bank balance is
always running low or if you're clambering to pay your monthly bills.
Your investment dollars will be better spent to rectify adverse
financial problems that affect you every day.
12. - 12 -
While you are in the process of getting through your present financial
state of affairs, make it a point to educate yourself about the various
types of investments.
This way, when you are in a financially intelligent state of affairs, you
will be armed with the knowledge that you need to make equally
intelligent investments in your future.
13. - 13 -
Chapter 4:
Making Extra Assets
Synopsis
There are a lot of books and educational plans written about how to
buy assets wisely. For many people, buying assets is the most
beneficial plan for them. But if you've aspirations of acquiring assets
so you can eventually invest, the question is “Are you willing to
produce your assets rather than purchase another person’s assets?”
14. - 14 -
Build It Up
This book is about passive income and it's about how to take a
thought and turn it into an asset that will develop additional assets. It
isn't only about how to bring in a lot of income; it's likewise about
how to keep the income that assets bring in and have it produce even
more assets in addition to the investing. It discloses how a lot of the
wealthy individuals came to gain most of the income.
So if this is intriguing to you, then please go on. The brain-teaser is,
“How do you produce an asset without spending income to get it?”
“There are individuals who purchase assets and there are individuals
who produce assets.
A lot of individuals have ideas that may make them wealthy beyond
their wildest aspirations. The issue is, most individuals have never
been instructed how to place a business structure within their ideas
and so a lot of their ideas never take form or stand alone.
If you wish to be among the people who have extra money to invest,
you'll need to understand how to establish a business structure inside
your creative ideas. Once you first try to turn your ideas into a
personal fortune, a lot of individuals will state, ‘You can’t achieve
that.’
15. - 15 -
Always recall that nothing obliterates your awesome ideas more than
individuals with little ideas and restricted imaginations. The hurdle in
turning our ideas into a 1000000 dollars or even a 1000000000000
dollar asset is often the fight between our own spirits and our own,
often average, brains.
You have to be of firm spirit and firm in your convictions to turn your
thoughts into fortunes. Even if you comprehend the procedure thru
which your ideas may make you wealthy, forever remember that
awesome ideas only turn into grand fortunes if the individual behind
the idea is likewise willing to be awesome.
It's often hard to keep if everyone around you is saying, “You can’t
achieve it.” You have to be a really solid spirit to withstand the doubt
of those around you. But your spirit must be even less attackable if
you're the individual stating to yourself “You can’t achieve that.” This
doesn't mean that you go blindly on not hearing the great and bad
ideas of your friends or yourself.
Their ideas and input ought to be listened to and often utilized if their
ideas are better than yours. But at this moment, I'm not talking to you
about simple ideas or advice.
What I'm speaking to you about is more than simply ideas. I'm
discussing your emotional state and the will to go on even if occupied
with doubt and out of great ideas. No one may tell you what you will
be able to or can't accomplish in your life.
16. - 16 -
Only you are able to regulate that. Your own grandness is often found
at the end of the road, and once it comes to turning your thoughts
into income, there are a lot of times if you reach the end of the road.
The end of the route is if you're out of thoughts, out of income, and
filled up with doubt.
If you're able to discover in yourself the spirit to continue, you'll
discover what it truly takes to turn your ideas into awesome assets.
Turning a thought into a grand fortune is more a matter of human
spirit rather than the power of the human brain. At the end of each
route, the person discovers his or her spirit.
Discovering your spirit and making it solid is more crucial than the
idea or business you're formulating. Once you discover your
entrepreneurial spirit, you'll forever be able to take really average
ideas and turn them into over-the-top fortunes and have money to
invest. Forever remember the world is filled with individuals with
awesome ideas and very few individuals with grand fortunes.
17. - 17 -
Chapter 5:
Strategy And Style
Synopsis
Because investing is not a sure thing in most cases, it is much like a
game – you don’t know the outcome until the game has been played
and a winner has been declared.
Anytime you play almost any sort of game, you have a scheme.
Investing isn’t any different – you require an investment scheme.
Knowing what your risk tolerance and investment style are will help
you choose investments more wisely. While there are many different
types of investments that one can make, there are really only 3
specific investment trends – and those 3 trends tie in with your risk
tolerance.
The 3 investment trends are conservative, moderate, and aggressive.
18. - 18 -
Thing To Understand
An investment scheme is basically a plan for investing your cash in
various sorts of investments that will help you meet your financial
goals in a particular amount of time. Each sort of investment contains
individual investments that you must select from. A clothing store
sells clothes – but those clothes consist of shirts, pants, dresses,
skirts, undergarments, etc. The stock exchange is a type of
investment, but it contains assorted sorts of stocks, which all contain
different companies that you are able to invest in.
If you haven’t done your research, it may quickly become very
confusing – merely because there are so many assorted sorts of
investments and individual investments to select from. This is where
your scheme, combined with your risk tolerance and investment
trend all come into play.
If you're new to investments, work closely with a financial planner
before making any investments. They'll help you develop an
investment scheme that won't only fall inside the bounds of your risk
tolerance and your investment trend, but will also help you
accomplish your financial goals.
Never invest cash without having a goal and a scheme for reaching
that goal! This is essential. Nobody hands their cash over to anyone
without knowing what that money is being used for and when they'll
get it back! If you don’t have a goal, a plan, or a scheme, that's
19. - 19 -
essentially what you're doing! Always start with a goal and a scheme
for reaching that goal!
Naturally, if you find that you've a low tolerance for risk, your
investment trend will most likely be conservative or moderate at best.
If you've a high tolerance for risk, you'll most likely be a moderate or
aggressive investor. At the same time, your financial goals will
likewise determine what trend of investing you utilize.
If you're saving for retirement in your early twenties, you should
utilize a conservative or moderate trend of investing – but if you're
attempting to get together the funds to buy a home in the next year or
two, you'd wish to utilize an aggressive trend.
Conservative investors wish to maintain their initial investment. Put
differently, if they invest $5000 they wish to be sure that they'll get
their initial $5000 back. This type of investor commonly invests in
common stocks and bonds and short term money market accounts.
An interest earning savings account is really common for conservative
investors.
A moderate investor commonly invests much like a conservative
investor, but will utilize a portion of their investment funds for higher
risk investments. A lot of moderate investors invest 50% of their
investment funds in safe or conservative investments, and invest the
remainder in riskier investments.
20. - 20 -
An aggressive investor is willing to take risks that other investors
won’t take. They invest higher sums of money in riskier ventures in
the hopes of achieving larger returns – either over time or in a short
amount of time. Aggressive investors often have all or most of their
investment funds tied up in the securities market.
Again, determining what trend of investing you'll utilize will be
determined by your financial goals and your risk tolerance. No matter
what type of investing you do, however, you should cautiously
research that investment. Never invest without having all of the facts!
21. - 21 -
Wrapping Up
Along the way, you may make a few investing errors, however there
are huge errors that you absolutely must avoid if you are to be a
successful investor. For example, the biggest investing mistake that
you could ever make is to not invest at all, or to put off investing until
later. Make your cash work for you – even if all you can spare is $20 a
week to invest!
While not investing at all or putting off investing until later are huge
errors, investing before you are in the financial position to do so is
another huge mistake. Get your present financial situation in order
first, and then start investing. Get your credit squared away, pay off
high interest loans and charge cards, and put at least 3 months of
living expenses in savings. Once this is done, you're ready to start
letting your cash work for you.
Don’t invest to get rich quick. That's the riskiest type of investing that
there is, and you'll more than likely lose. If it was simple, everybody
would be doing it! Rather, invest for the long term, and have the
patience to weather the storms and allow your cash to grow. Only
invest for the short term when you know you'll need the cash in a
short amount of time, and then stick with safe investments, such as
certificates of deposit.
22. - 22 -
Don’t put all of your eggs into one basket. Scatter it around assorted
types of investments for the best returns. Likewise, don’t move your
cash around too much. Let it ride. Pick your investments cautiously,
invest your cash, and allow it to grow – don’t panic if the stock drops
a few dollars. If the stock is a stable stock, it will go back up.
A common error that a lot of individuals make is thinking that their
investments in collectibles will truly pay off. Again, if this were true,
everybody 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 rather.