Six Investment Tips That Every Beginner Should Know

Six Investment Tips

That Every Beginner

Should Know

An intelligent investment is

a precursor of being

successful. However, it is a

complex process that

needs careful planning.

There are a number of

things that must be taken

into account.

1. Don’t Listen to Financial Media

Waiting for news to guide you will

put you in a long queue of

investors who heard it before you.

Don’t let news convince you into

investing even if it sounds lucrative.

2. An Unemotional Discipline Pays Off

Be a realist. Analyze and

evaluate all the facts

before making a decision.

Don’t make investment

decisions driven by

emotions.

3. Don’t Follow The Trends,

Anticipate Them

If you want to invest money never follow the herd.

Stay ahead of the crowd, don’t be a part of it.

4. Spend Less Than You Earn

Try to widen the gap

between your earnings and

expenditure.

The willingness to act on this

is the only thing between

your wealth and you.

5. Know Where The Money Goes

Keep a track of your spending

to be true to your goals and

budget.

Always check if the plan

matches your spending reality.

6. Identify Your Risk Tolerance level

Know all the risks and check if you can take a loss

before diving into an investment. Maintain

tolerance and don’t invest emotionally.

Intelligent Investment is not as easy

as it sounds. However the benefits

are many and life long. The road is

hard but the rewards are plentiful.

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References:

http://www.investorguide.com/article/15253/investment-tips-beginners-smart-way-invest-money/