Steps to Invest
Is there a shortcut to investing? Can you make money today if you have invested yesterday? If you want to make money instantly, this is not a good place for you. Investing takes time and there are steps you have to take. The first step of the process is preparing yourself for the big move because investing is not just putting your money in a portfolio or investment. It about continuous learning. You need to invest in your knowledge first before you can finally earn the amount you want to take home.
Catch me in my live training events! (quick plug)
The heart of why I do these seminars is I want to build a generation of Filipinos with the right foundation in stock investing. I want to bring smart investing to every Filipino around the world! If you would like to know more about how you could time the market check out the training below.
Stock Smarts Taiwan – February 15, 2020
Stock Smarts Manila: March 14, 15, 21, 22 & 28, 2020
Stock Smarts Singapore: May 16 – 17, 2020
Stock Smarts New Zealand: June 6 – 7, 2020
Stock Smarts Sydney: July 11 – 12, 2020
Stock Smarts London: April 18 – 19, 2020
Look for a Portfolio You Can Handle
Investing includes looking for a portfolio you can handle. If you don’t have enough experience in investing or it’s your first time, that’s fine. You can start by learning about the portfolio you want to invest in. For instance, if you are choosing stocks, you should know that there is a greater risk in this portfolio. You must see to it that you are ready to embrace the risk no matter what happens. Stocks are not for conservative investors so if you can’t handle the loss, you should look for other types of investment.
Learn Simple to Complex Management
Investing is like running your own enterprise. You have to manage your money, your investment, and your account. You also have to invest time in monitoring and effort to learn the good and the bad sides of it. If you plan to invest, you must learn simple to complex management because one way or another, you will have to upgrade your investment. As an investor, don’t just settle to low investments. Make it a goal to increase your money regularly so you will end up with a larger amount of earnings in the future.
Trial and Error Phase
In finding the right portfolio for you, it’s okay to undergo the trial and error phase. Every investor needs to experience this stage because no one is perfect in investing. You will make mistakes and you will learn from it. Investing in a portfolio you can manage is not that easy. There are challenges and it’s fine to take your time to adjust. Make sure that when you face challenges, you are getting valuable information that you can use in the future, especially when you open a new investment account. Just a reminder, do not put your money in something that you can’t handle.
