Hellow guys, Welcome to my website, and you are watching INVESTING FOR BEGINNERS | SOLID ADVICE ON HOW TO GET STARTED. and this vIdeo is uploaded by Finance with Bukky at 2020-09-04T11:00:10-07:00. We are pramote this video only for entertainment and educational perpose only. So, I hop you like our website.
| Name | INVESTING FOR BEGINNERS | SOLID ADVICE ON HOW TO GET STARTED |
| Video Uploader | Video From Finance with Bukky |
| Upload Date | This Video Uploaded At 04-09-2020 18:00:10 |
| Video Discription | When Lara started her investment journey, she was kind of lost on where, how and what to do. So these INVETSING FOR BEGINNERS SOLID ADVICE ON HOW TO GET STARTED with Lara. This video detailed some of the things I shared with Lara as a beginner in investing. These solid advice set her on a course to crush her goals. Which is to become a millionaire by the time she is 40. Below is a transcript of the video. you can use it to follow through. - Think long term: This is the very first Principle you should learn about investing. The need to look at investment on a longterm basis. Be patient with your investment especially on the stock market. Don’t follow the rush unnecessarily. Especially if you are not a trader. Working on short term basis is like competing with the bots and algorithms that do investment for big companies. These machines are faster than you. The companies using them are bigger than you. They most likely have more access to information than you do. Therefore you will most likely loose if you are trading on a short term. - Don’t invest based on emotions – follow logic and intuition but not EMOTIONS. Don’t invest because your friends or your family asked you to. Whether in stocks, treasury bills, real estate, money doubling etc. Don’t get blackmailed into investing. No do not do it. When you invest based on emotions, it beclouds your judgement. I once invested in a venture because my friend and every other person around me at that time invested. My logic tells me otherwise, there is no sense in what I was doing because there was no underlying value, but no I didn’t want to be the black sheep of the flock. So I did, I invested. And your guess is as good as mine lol… - Underlying Value: Before you make any investment at all, before you drop that $100 or 100 pounds or 100 eur or 10000 naira into that investment, ask yourself, what is the underlying value? Is it physical or digital? is there a product or something specific attached to my name? If there is a product whether physical or digital is it redeemable? Is it tradeable? Is there a market for it? - Start Small: even if you stumble into sudden money, don’t invest blindly and huge at once as a starter. Rather go for the starter package otherwise you will burn and the same way you stumbled into money, you will stumble out. So don’t stumble in and out. Start with the 50s and 100s before the 1000s and the 10000s and millions. Also when you lose small money, the hurt you feel is less and you learn quickly. However when you loose big chunks, it becomes difficult for you to learn, you will rather recoil and end up not taking the right opportunities when they come. - Start early: If you are still a teenager or in your twenties, you are on the right path. And if you are in your 30s or 40s its never too late. I came across a woman who actually went into full investment at the with just - Have a goal in mind – the world works on the principles of our goal settling and so is your investment. Your goal becomes your driver. It gives you focus and gives you a reason to keep your hands on the helm. - Diversify – In diversity there is beauty and strength. Apply this same sentence into your investment. Diversity as a beginner means not just looking at one particular investment channel but creating a mixture of channels. Including stocks, fixed income, real estate, entrepreneurship, crowd funded products, venture capital, angel investing. - Be prepare to loose – Now I am not saying you will lose money, what I am saying is, when you have a little bit of skeptiscm in the investment, you will seat up. You will follow your money. You wont be lazy. However in preparing for loss, you have done diversity in the point I mentioned earlier. All icons are downloaded from www.pixabay.com I HOPE THIS VIDEO GETS YOU STARTED ON THE RIGHT TRACK. Please LIKE and Share. One last thing, commit your endeavors to God, He will direct you. |
| Category | Education |
| Tags | investing for beginners solid advice on how to get started | investing for beginners dave ramsey | how to start investing in the stock market as a teenager | investing for beginners robinhood | stock investing for beginners 2020 | roth ira | investing with rose | biblical investing principles | investing principles | basic principles of investing | christian investing principles | investing for teenagers | how to invest money for beginners uk | finance with bukky | bukky obikunle |
