Smart Tips for Investing

Smart Tips for Investing

#CreditChatWednesdays | 3 p.m. ET

Join our #CreditChat every Wednesday at 3 p.m. ET. This week, the community shared some tips about how to get

started and be smart with investing.

ex.pn/investing

http://www.experian.com/blogs/news/about/smart-investing/

Why is investing important?


Investing is important because it has the potential to create financial freedom. It can allow your hard-earned money to

keep up - or exceed - inflation.


Brad Sherman@shermanwealth

Investing, when handled properly, can be a great way to accumulate

wealth and fund some of your long-term financial goals!


Leslie H. Tayne, Esq@LeslieHTayneEsq

Investing is the best way to build savings for retirement.

“


”

Rod Griffin@Rod_Griffin

Investing is the best way to build savings

for retirement.



Investing gives you the opportunity to grow your money. It can create passive income streams and boost

your net worth.


Kasasa@Kasasa

When should people start investing?


Start investing ASAP - the sooner the better.


Debt Free Guys@DebtFreeGuys

Always start investing as early as possible to reap the rewards of

compounded interest.


Brad Sherman@shermanwealth

Start investing as soon as possible. Even a little adds up to a lot over a

long time.



Start early! Not only does this give you more potential to earn,

but if there is a learning curve get it out quickly!


Kasasa@Kasasa

Matching contributions aside, typically investing begins after

an emergency fund is established and goals are

accounted for.

“


Douglas A. Boneparth@dougboneparth

”

Matching contributions aside, typically investing

begins after an emergency fund is

established and goals are accounted for.


Douglas A. Boneparth@dougboneparth

What are different ways to invest?


You can invest in stocks, bonds, mutual funds, CDs and more. You

can control it all or work with a broker.

#CreditChatWednesdays | 3 p.m. ETSoutheast Financial

@SFCUNews

Start with your company’s 401k; Auto deduction, free money if

matched, and you don’t need to be an expert.



Investing in real estate is one of the most stable long-term investments

one can make!

“


”Wise Bread@Wisebread


CapWest Mortgage@CapWestMortgage

Investing in real estate is one of the most stable long-term

investments one can make!


CapWest Mortgage@CapWestMortgage


It Pays Dividends @ItPaysDividends

Don’t forget about investing in yourself through conferences,

networking, extra education, etc.

Invest in professional help. Don’t try to be an expert, just work with a

great one!

#CreditChatWednesdays | 3 p.m. ETRod Griffin

@Rod_Griffin

What are some mistakes to avoid when investing?


Avoid concentrating your investments in one place, especially your own

company’s stocks. Diversity is key.


@SFCUNews

It’s important to know your risk tolerance, investment goals,

investment objectives, and time horizon.

#CreditChatWednesdays | 3 p.m. ETDebt Free Guys

@DebtFreeGuys


Cinfed Credit Union @CinfedCU

Invest it and forget it - don’t jump off the ride when the market dips. It will come back. You just have to

wait.


Don’t lose sight of common sense and be realistic of your financial

boundaries when investing.

#CreditChatWednesdays | 3 p.m. ETVouch

@vouch

Make sure you pay attention to taxes and the tax implications of

your various investments!

#CreditChatWednesdays | 3 p.m. ET Brad Sherman

@shermanwealth

Don’t buy cheap stocks just because they are cheap. They are

probably cheap for a reason.

“


” Cinfed Credit Union

@CinfedCU

Don’t buy cheap stocks just because they are cheap. They are probably cheap

for a reason.

#CreditChatWednesdays | 3 p.m. ET Cinfed Credit Union

@CinfedCU

What are some simple ways to get started with investing?


Podcasts can also be a great tool for learning about investing,

understanding the basics, and discovering what’s best for you.

“

#CreditChatWednesdays | 3 p.m. ET Leslie H. Tayne, Esq

@LeslieHTayneEsq

”Podcasts can also be a great tool

for learning about investing, understanding the basics, and

discovering what’s best for you.

#CreditChatWednesdays | 3 p.m. ET Leslie H. Tayne, Esq

@LeslieHTayneEsq

Self-education. Plenty of blogs and books from the library. Start with

virtual trading to gain some practice.

#CreditChatWednesdays | 3 p.m. ET Cheapsters

@Cheapsters

Easiest way to invest is through the workplace. Sign up for 401k or

open an IRA.

#CreditChatWednesdays | 3 p.m. ET Jamie Kalamarides

@kalamarides

Talk with a good adviser. They can help determine strategies that fit

our personality and goals.



How do you decide how much should go toward investing vs. paying off debt?


Pay off debt - then invest.

“


”

Cinfed Credit Union@CinfedCU

Pay off debt - then invest.


Cinfed Credit Union@CinfedCU

http://www.kinf.org/

http://www.kinf.org/

If your company matches, always invest at least to the match. Use

the rest to pay down debt.



It’s generally a good rule of thumb to save the heavy investing until

after you’ve paid off debt.


Kasasa@Kasasa

Difficult, personal choice, but have no credit card debt and your

emergency fund before investing!


Cary Carbonaro, CFP@CaryCarbonaro

Have an emergency fund, pay off credit card debt, and then look at risk tolerance to decide investing

vs. paying off other debt.

#CreditChatWednesdays | 3 p.m. ET Kevin C. Swanson

@kevincswanson

Any final tips for those interested in investing or making more investments?


The earlier you start, the more mistakes you can make and still

end up on your feet. Fail early for future success!


Compare Cards@CompareCards

Educate yourself and don’t be afraid of making a mistake or two along the

way.


@SFCUNews

There is no better day than today to invest. Procrastination is not

wise when it comes to investing.

“



”There is no better day than today to invest. Procrastination is not

wise when it comes to investing.



Don’t try to time the market. Investing is about TIME IN the

market not TIMING the market.


Debt Free Guys@DebtFreeGuys

Subscribe & Check Out:

http://www.slideshare.net/Experian_US/save-money-or-pay-off-debt-37519531



http://www.slideshare.net/Experian_US/how-to-strategically-manage-and-pay-off-debt


http://www.slideshare.net/Experian_US/how-to-juggle-debt-retirement








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Smart Tips for Investing