3 Things to Do Immediately to Learn About Investing
Published June 28th, 2021
Investing is using your money in different ways with the view to gain a positive return over time. There are many ways to invest, and you need to find out what risk you are willing to take with your capital. In other words, you need to determine your risk appetite.
So, you are brand new to investing and want to get started. What 3 things could you do now to help this journey begin?
Identify why you want to Invest.
- What is your goal/purpose for investing?
- What sort of timeframe are you looking at?
- Will you diversify your options or focus on one specific investment?
- How much money do you have to invest?
It is important when trying something new, and especially when it has some element of risk, to learn or educate yourself. You want to gain greater knowledge and understanding of the options available to you. Talk to others about what you are wanting to do. Learn about what others have tried. It doesn’t mean it is the right option for you but provides ideas. Search for articles to read.
Do remember that “If it sounds too good to be true, it probably is.” Use your knowledge and intuition when researching and making decisions. Make sure you have enough capital to invest in the strategies you are investigating.
Use a service
Most things we are interested in have been experienced already. That is, someone else has done the homework for you. There is a wealth of information in people with experience in an area they love and specialise in. Draw on this and move forward at a greater rate in your learning.
If stock trading is one of your investment options, then The Chartist may be of benefit to your journey. Nick Radge and the team at The Chartist have a unique level of experience. Nick has over 36-years of direct market experience. The Chartist is a bespoke stock market advisory service employing technical analysis methods. They measure market probabilities, identify patterns and trends. The Chartist offers a sensible basis upon which to make sound investment and trading decisions.
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