So you want to learn how to invest? When one thinks of investing they automatically begin to think of stocks, bonds, real estate and the like, but rarely think about investing in their most valuable asset. Ill give you a hint. That asset lies in between your ears.
Investing doesnt start with accumulating hundreds or even thousands of dollars. It doesnt even begin with your sitting down in front of your online discount brokerage account or 401(k) via the internet and clicking the buy/ sell buttons. It begins the moment you decide in your mind that you want to create wealth and learn how to invest on your own. Now Im not speaking millions or even billions of dollars, while that may be the case for some folks. Among those of us who invest to retire comfortably and not with the aspirations of owning a Maserati or Bugatti , our initial investment should be the equivalence of building up for a down payment on our first home.
You should research investing and learn some of the basics in order to ask the right questions and avoid making bad investment decisions. Its not wise to jump into owning a home before youve done your due diligence in terms of inspections, researching crime rates, interest rates, etc. I believe the same applies when you decide to take the necessary steps to manage your own investments. Maybe you can begin by investing in a local seminar or joining your nearest Investment club.
Learning how to invest in stocks, bonds, etfs or whatever meets your fancy doesnt have to be a complex task. When reading the most current articles about investing on websites offered such as CNBC, MONEY or CNN. Do you research terms that you dont quite understand or leave the explanation to your financial advisor and Uncle Tommy with his weekly stock tips? With no offense to your Uncle Tommy or your financial advisor, it helps to know the basics in order to identify when something fishy is just beyond the horizon. Im sure the billions that were ciphered off by some of those greedy fund managers who now share a hot and a cot with Big Jim made mistakes when misleading clients. Had those clients knew more about investing fundamentals, they may have recognized that the numbers didnt quite add up.
In either case, investing in starter books can cost a few dollars an d sometimes pennies on websites such as Amazon . Learn how to invest in yourself first and the $10 you spend on the purchase of a simple book will pay for itself a million times over. This isnt an article seeking to detail every approach to investing, its here to give you a kick in the butt to invest in yourself before deciding to basically throw your money in the wind.HeyYou never know. You may actually end up in a Bugatti or Maserati once you figure out how to invest on your own.Many investment sites can assist you in this journey.Which ever route you decide to take, you shouldnt take the journey lightly. Cheers.