Learn To Invest, Start With An Investment Strategy
Despite years of thinking buy and hold investing strategies were profitable, we've recently seen that investing gains are not to be taken for granted. It's always better to learn to invest money with a specific strategy in mind, a plan for investing in a variety of market situations. Just as when playing a game, the result is only determined when the game is over, and a winner has been declared. Having a plan is what separates the long term winners from the losers - so begin with a investment strategy.
It's not difficult to put together an investment strategy, but it does take time and thought. It encompasses your personal financial goals, as well as gives you a road map to achieve those goals. With this plan in front of you, you will then know what investments will be the best fit for your strategy as you go forward. When you decide on a specific investment vehicle, for example bonds, stock, or mutual funds, you can then determine what choices within those categories will be the best fit as well. You will have a template for choosing individula stocks, or bonds or funds, instead of going with your gut - never a good strategy!
When you spend the time to learn to invest money methodically, in the beginning you can become overwhelmed by the variety of options for investing money. When the market is in a downturn, it becomes especially stressful, and hard to focus on what is the right choice. A strategy becomes critical, as a well as a way to stay on course and pick the right investment for your financial goals.
If you are not an experienced investor, you might consider working with a financial planner prior to making any investments. A professional can help you create an investment strategy that will match your risk tolerance and be a fit for your investment style, as well as help you determine what investments will achieve your financial goals.
Build a strategy first, and then trade from your plan, never from your gut. In the long term, it is the investor who does not have a plan who fares worse regardless of market sentiment. Use your plan to steer your course to financial wealth, and by applying your strategy, you'll begin to achieve your financial goals. - 23200
It's not difficult to put together an investment strategy, but it does take time and thought. It encompasses your personal financial goals, as well as gives you a road map to achieve those goals. With this plan in front of you, you will then know what investments will be the best fit for your strategy as you go forward. When you decide on a specific investment vehicle, for example bonds, stock, or mutual funds, you can then determine what choices within those categories will be the best fit as well. You will have a template for choosing individula stocks, or bonds or funds, instead of going with your gut - never a good strategy!
When you spend the time to learn to invest money methodically, in the beginning you can become overwhelmed by the variety of options for investing money. When the market is in a downturn, it becomes especially stressful, and hard to focus on what is the right choice. A strategy becomes critical, as a well as a way to stay on course and pick the right investment for your financial goals.
If you are not an experienced investor, you might consider working with a financial planner prior to making any investments. A professional can help you create an investment strategy that will match your risk tolerance and be a fit for your investment style, as well as help you determine what investments will achieve your financial goals.
Build a strategy first, and then trade from your plan, never from your gut. In the long term, it is the investor who does not have a plan who fares worse regardless of market sentiment. Use your plan to steer your course to financial wealth, and by applying your strategy, you'll begin to achieve your financial goals. - 23200
About the Author:
Looking for the best investment in a bad economy? Jane Calhoun writes about how to invest in stocks in today's investment climate.
posted by X - Men @ 7:02 AM
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