Is there some magic formula for investing? Is there is different way to garner success based on the type of investment: stocks, bonds, mutual funds, crypto?
There are a lot of things I wish I knew before I started investing. Or, back up. There are a lot of things I wish I knew before I started putting money into investments attached to places I worked.
There were many ups and downs and open and closed accounts in my investment journey. And I would like to share three basic tips that I wish I knew before I started investing.
The following is just a brief summary. For the full article that covers these 3 basic tips for investing, click here. For my free e-book "3 Tips For Investing: Beginner and Intermediate Level", click here.
Tip 1 For Investing:
Determine your investment model. My two go-tos are the David Swensen Model and the 80/20 Principle. There is no "right" or "wrong" here. It's just good practice to have a plan.
Tip 2 For Investing:
Choose based on what you like. Some of your best first investments could be companies you already support by being a patron. Why not get more than one return on your investment?
Tip 3 For Investing:
Do your own research and investing. Why pay for what you can do yourself. The best part is you get to earn while you learn.
Information contained in this blogis for educative and personal use only. It is not to be used in place of professional advice. Use the information and suggestions at your own discretion. Investments carry varying risks. Investment options might not be suitable for all investors. If you have any doubts as to the merits of an investment, you should seek advice from a professional and reputable financial advisor.