Investing for Beginners
GOLLIHUGH FINANCIAL SERVICES
4 DUNNINGTON COURT
SPRINGBORO OHIO 45066
937-748-4504
How To Start Investing
For those of you wondering how to get started investing, I’m writing this short practical guide to help get you started.
The first thing you need to do is realize that there is no “perfect” way or time for you to start. And there is no “perfect” product for you to start investing in. The best investment choices are the ones that you are comfortable with and the ones that you choose yourself. With that said, you can always choose different investments when you’re better informed. Once you get started, keep practicing and you will get better in decision making.
Indeed, as your investments grow, so will your knowledge of how to invest. Start simple and as you learn and accumulate more money, you can expand and diversify the types of investments you make. There are thousands and thousands of choices that you can make, so in order to get started you’ll want to come up with a plan. Here’s my advice on how to create your plan:
Determine Your Goals and Needs.
Depending on what your goals are, you will utilize different investment tools. Here are the first questions to answer. If you are saving for one or more of these goals, then prioritize them and allocate your investment money among the various investments.
• Are You investing for the short or medium-term? If so, you’ll want to open a traditional brokerage account, or maybe even use your local bank. If you are investing for the short-term (less than a year), then you are probably better off if you purchase a CD at your local bank or park your money in a money market savings account. If you are investing for the medium-term or long-term, you’ll want to open a brokerage account. Opening a brokerage account is as easy as filling out and mailing in a form or in some cases you may apply online.
4 DUNNINGTON COURT
SPRINGBORO OHIO 45066
937-748-4504
How To Start Investing
For those of you wondering how to get started investing, I’m writing this short practical guide to help get you started.
The first thing you need to do is realize that there is no “perfect” way or time for you to start. And there is no “perfect” product for you to start investing in. The best investment choices are the ones that you are comfortable with and the ones that you choose yourself. With that said, you can always choose different investments when you’re better informed. Once you get started, keep practicing and you will get better in decision making.
Indeed, as your investments grow, so will your knowledge of how to invest. Start simple and as you learn and accumulate more money, you can expand and diversify the types of investments you make. There are thousands and thousands of choices that you can make, so in order to get started you’ll want to come up with a plan. Here’s my advice on how to create your plan:
Determine Your Goals and Needs.
Depending on what your goals are, you will utilize different investment tools. Here are the first questions to answer. If you are saving for one or more of these goals, then prioritize them and allocate your investment money among the various investments.
• Are You investing for the short or medium-term? If so, you’ll want to open a traditional brokerage account, or maybe even use your local bank. If you are investing for the short-term (less than a year), then you are probably better off if you purchase a CD at your local bank or park your money in a money market savings account. If you are investing for the medium-term or long-term, you’ll want to open a brokerage account. Opening a brokerage account is as easy as filling out and mailing in a form or in some cases you may apply online.
posted by crg1 at 3:30 AM
1 Comments:
Good job
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