5 Things To Know Before Investing

Don’t we all wish we could back in time? Here are 5 things I wish I could tell myself before I started investing!

The Money Marketer, The Money Marketer Blog, Ruba Khan, Ruba Khan blog, Investing, Investing Advice, Stock Market Investing

1. Investing is easy – saving money is hard. You don’t need to be good at maths, a charting expert or some kind of finance genius. It’s pretty simple – don’t be scared to start. On the other hand, saving money requires discipline, sacrifice and dedication.

2. Don’t invest in penny stocks. Only a handful of people can make significant gains with trading penny stocks – a 19 year old girl with limited financial knowledge is not one of them.

3. A lot of really intelligent people don’t understand personal finance. Do your own research and take financial advice from anyone with a grain of salt. Follow your instincts and do what feels right for you. That 60 year old man telling you that investing is the same as gambling doesn’t know how the stock market works and thinks Forex is a watch brand.

4. Don’t sell your stocks just because they made a significant profit – they will mostly likely double or even triple that price. Don’t liquidate your portfolio unless you are re-balancing or in a financial emergency. Just don’t do it.

5. There’s no need to check your portfolio daily, or even weekly. You’re a long-term investor, not a day trader. It causes unnecessary anxiety and market drops can be really painful. Just watch the news and check it every month or so.

Published by Ruba Khan

Hi, I'm Ruba! The Money Marketer is a financial discussion space to discuss all things money and investment, with a touch of food and lifestyle.

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