What investment advice would you give to those who are just starting to invest in one commodity or the other?
Investment advice for beginners
- Thread starter Knowledge Quest
- Start date
The best advice I can give to beginners is to invest in multiple assets. Just don't put your all money in the stock market, also diversify by investing in bonds, ETFs, Crypto, etc. Don't put all your money in a single asset.
Don't put all eggs in one basket. Do research on the companies you plan to invest in. Seek financial expert's advice or read their articles concerning stock market or which stocks you should buy.
Better invest in a mutual fund, but choose the right company that yields better interest. You must also learn how to man your mutual fund. Another good to invest is to buy a policy plan from an insurance company.
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Anyone who just want to rove into nvestment should try to do due diligence on the platform to join.
Always invest what you are willing to loose. People these days tend to get too greedy with their investments. They want to earn big within a short period of time hence they do not even think before investing all they have.
Apart from investing money a person could afford to lose, a person must also learn skills initially. A beginner must learn skills. If a person never learns skills, the such kind of person will always struggle when it comes to investing money.
