I 've introduced many topics in this tutorial:* Investing is about making your money work for you.
* Reinvesting your earnings allows you to take advantage of compounding.
* Each investor is different in his or her objectives and risk tolerance.
* There isn't just one strategy that can be used to invest successfully.
* Each investment vehicle has its own unique characteristics.
* Diversifying investments in a portfolio helps to manage risk.
Together, all these points make up a foundation of knowledge with which any investor should be comfortable. However, these concepts mean nothing unless you can put them into practice.Please remember the above points are not meant to give you personal advice. I've already talked about how there is no one-size-fits-all approach.
There are plenty of ways to lose money, whether in speculative investments or through excessive fees in mutual funds. On the other hand, it's possible to be too risk averse. If you put your savings under a mattress, we guarantee it's not going to increase in value.
There are many other alternatives out there. I strongly encourage you to explore them and see what works for you. But, for the average investor, the smart route includes saving regularly, keeping investment expenses down and being in the market for the long term. Whatever you do, keep the principles we've discussed in mind, and never stop trying to learn more.
You can read more at http://www.investopedia.com/university/beginner/
Email me with any queries or comments.
I think the new Depression which we are crashing toward will be responsible for throwing all conventional wisdom about investing out the window.
ReplyDeleteDear Jack, you do have a valid point, however, years of civilization has the history of ups and downs - depressions and growths. In each of theses, they in an investment strategy (i will be posting on taking opportunities in depression soon). The truth has always been that many people follow their innate fear in times of depression and as such losses the opportunities depressions offers...........many a time it is not necessarily the hand of cards you are dealt but you play the cards that matters.
ReplyDeleteNice point
ReplyDeleteThink this will sound very valuable to my friends.
I will let them know this
keep it up
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