R.Mustapha
New member
1. what is your goal:
Before you start investing in any instrument, determine why you are investing and for how long. You should know the goal and purpose of your investment. otherwise, stay away from it.
2.Pay off high-interest debt first
There is no investment strategy anywhere that pays off as well as, or with less risk than, merely paying off all high-interest debt you may have. If you owe money on high-interest credit cards, the wisest thing you can do under any market conditions is to pay off the balance in full as quickly as possible.
3.Only invest in what you know
First analyze the business, not the market, economy, or investor sentiment. Next, look for a consistent operating history. Last but not least, use that data to ascertain whether the business has favorable long-term prospects.
4.Diversify your investments
The first investing tip that most financial professionals give beginners is to diversify their assets. Basically, don’t put all your eggs in one basket. You’ll want to make sure you have diversity in the types of assets you buy, the sectors these assets are tied to, and even the geographic location of your assets.
5.Keep Fees low
Mutual funds, index funds, and ETF portfolios are great ways to keep your assets diverse, and by using an auto-deposit method you can keep filling your buckets automatically. But when investing, there’s another very important thing to consider: fees. This may not seem like your typical investing tip, but beginners often forget to take fees into account.
Mutual funds are often actively managed, but all that brainpower comes at a price. Mutual funds often charge 2% or more annually. You might think that 2% doesn’t seem like much, but over 5, 10, or 20 years, it really adds up
6. Create and maintain an emergency fund.
Most smart investors put enough money in a savings product to cover an emergency, like sudden unemployment. Some make sure they have up to six months of their income in savings so that they know it will absolutely be there for them when they need it.
7. Rebalance Your Investment Portfolio Annually
When you invest, choose an asset allocation that reflects your risk tolerance and risk capacity. If you’re younger, you might hold higher-risk and higher-return stocks and fewer bonds.
This riskier portfolio will likely be compounding with higher returns over time. After setting your preferred asset allocation, make sure to rebalance your portfolio every year to get back to your original allocation. This simple strategy can yield a small increase in returns and a decrease in volatility.
8. Don’t Time the Stock Market
“Don’t try to play the professional game of watching technical charts and trying to time the stock market. Play the amateur game. Don’t try to squeeze out every percentage of return from stocks by trading and analyzing. Pick investments in companies that have great products you love and will be around forever.”
9.Stay Committed
If you are new to stock investing, three things may keep you out of trouble: Invest for the long term and avoid trading more than once a quarter, pick diversified products like ETFs rather than individual names, and most importantly, before you begin investing, don't change your strategy based on daily news
10. Don't Panic
Investments always fluctuate it can be moved up and down. concentrate on buying and selling (even with 0 commissions).
11. Good luck in your investment.
Before you start investing in any instrument, determine why you are investing and for how long. You should know the goal and purpose of your investment. otherwise, stay away from it.
2.Pay off high-interest debt first
There is no investment strategy anywhere that pays off as well as, or with less risk than, merely paying off all high-interest debt you may have. If you owe money on high-interest credit cards, the wisest thing you can do under any market conditions is to pay off the balance in full as quickly as possible.
3.Only invest in what you know
First analyze the business, not the market, economy, or investor sentiment. Next, look for a consistent operating history. Last but not least, use that data to ascertain whether the business has favorable long-term prospects.
4.Diversify your investments
The first investing tip that most financial professionals give beginners is to diversify their assets. Basically, don’t put all your eggs in one basket. You’ll want to make sure you have diversity in the types of assets you buy, the sectors these assets are tied to, and even the geographic location of your assets.
5.Keep Fees low
Mutual funds, index funds, and ETF portfolios are great ways to keep your assets diverse, and by using an auto-deposit method you can keep filling your buckets automatically. But when investing, there’s another very important thing to consider: fees. This may not seem like your typical investing tip, but beginners often forget to take fees into account.
Mutual funds are often actively managed, but all that brainpower comes at a price. Mutual funds often charge 2% or more annually. You might think that 2% doesn’t seem like much, but over 5, 10, or 20 years, it really adds up
6. Create and maintain an emergency fund.
Most smart investors put enough money in a savings product to cover an emergency, like sudden unemployment. Some make sure they have up to six months of their income in savings so that they know it will absolutely be there for them when they need it.
7. Rebalance Your Investment Portfolio Annually
When you invest, choose an asset allocation that reflects your risk tolerance and risk capacity. If you’re younger, you might hold higher-risk and higher-return stocks and fewer bonds.
This riskier portfolio will likely be compounding with higher returns over time. After setting your preferred asset allocation, make sure to rebalance your portfolio every year to get back to your original allocation. This simple strategy can yield a small increase in returns and a decrease in volatility.
8. Don’t Time the Stock Market
“Don’t try to play the professional game of watching technical charts and trying to time the stock market. Play the amateur game. Don’t try to squeeze out every percentage of return from stocks by trading and analyzing. Pick investments in companies that have great products you love and will be around forever.”
9.Stay Committed
If you are new to stock investing, three things may keep you out of trouble: Invest for the long term and avoid trading more than once a quarter, pick diversified products like ETFs rather than individual names, and most importantly, before you begin investing, don't change your strategy based on daily news
10. Don't Panic
Investments always fluctuate it can be moved up and down. concentrate on buying and selling (even with 0 commissions).
11. Good luck in your investment.
