If you know next to nothing, how do you go about the business of investing? The first thing you need to know about investing is, how much do you really know? If its' not much, then you will need to read extensively to educate yourself.
To become well-informed, you should read up on the basics. find out what a stock, a bond or a mutual fund is, and what the differences are between these three financial products and it's variables. Read books on financing and investing. Talk to savvy investors, watch video and live presentations. Once you understand the differences and the risks entailed investing in each particular vehicle, then you can move forward with confidence.
Now you can go to the second phase of learning about investing. Gain some experience, by investing in small stocks, and learn both from your mistakes and successes. However, find out first what kind of investor you are. Here are some pointers to help you get to the answers.
In going about your business of investing, have a game plan and set definite goals. The answers to these questions will be valuable guideposts for you in your venture into investing your funds.
? What is your timetable for investing?
? What sectors of industries are you interested in investing in?
? What is the amount of funds you can safely use in investing in order to reach your goals?
? Have you considered your short term financial needs or goals?
? Do you plan to live off these investments in your retirement years?
Determine your investing style. Are you a risk taker? Or do you like steady gains? Consider this thought, will you be able to sleep soundly at night, knowing your investment is decreasing and will take a long period of time before it increases? Or you prefer to hand your funds over to a funds manager? Do you like minimal risks in investing your funds? Consider the kind of risk taker you are, for this will help you pick the financial vehicles for investing in.
What is the length of time you want to spend on investing in stocks? Is it just 15 minutes daily? Or do you find consider it the height of entertainment to spend 7 to 14 hours a week, looking over financial statements and debating the merits of these stocks.
Carefully consider the answers to these questions. If you know what kind of investor you are, you can play to your strengths, and minimize the risks on the funds you are investing with.
Timothy Gorman is a successful Webmaster and publisher of Debt-Relief-Solutions.com. He provides more debt relief, consolidation and financial planning advice that you can research in your pajamas on his website.
![]() Google News Updated : Tue, 14 Oct 2008 11:56:09 GMT Kashkari Leaps From Obscurity to Lead Role in US Bank Rescue - Bloomberg
Bloomberg - By Robert Schmidt and Rebecca Christie Oct. 14 (Bloomberg) -- Minutes before Neel Kashkari's public debut as the chief of the US Treasury's financial rescue plan, he sat in a hotel lobby in Washington, unrecognized by many of the international bankers ... What Treasury is planning After Historic Rally, Feds To Buy Bank Ownerships Publ.Date : Tue, 14 Oct 2008 07:57:34 GMT House Race Is Shaken by Report of an Affair - New York Times
New York Times - By IAN URBINA WASHINGTON - The Florida congressman who succeeded Mark Foley after he resigned because of a sex scandal is now embroiled in a sex scandal of his own, and has requested a Congressional ethics investigation to clear his name. A Florida (House) Bombshell House to investigate lawmaker for alleged affair, ethics lapse Publ.Date : Tue, 14 Oct 2008 03:20:36 GMT Cambodia: Thailand withdraws troops from border - The Associated Press
The Associated Press - PHNOM PENH, Cambodia (AP) - Thai troops retreated from a disputed border zone Tuesday, a Cambodian general said, averting a possible military clash after Cambodia's prime minister issued an ultimatum to Thailand to withdraw by midday. Thai army to maintain troops in disputed area Thailand, Cambodia spar over border troop positions Publ.Date : Tue, 14 Oct 2008 09:51:31 GMT Berlusconi Shares Investor Pain With $2 Billion Loss (Update2) - Bloomberg
Bloomberg - By Andrew Davis and Lorenzo Totaro Oct. 14 (Bloomberg) -- Prime Minister Silvio Berlusconi promises Italians they won't lose ``even a euro'' of their bank accounts in the current credit crisis. Video: Bush Says He Will Help US Banks Bush To Speak About $250 Billion Banking Rescue Plan Monday Morning Publ.Date : Tue, 14 Oct 2008 09:46:59 GMT North Korea to resume nuclear dismantlement - The Associated Press
The Associated Press - SEOUL, South Korea (AP) - North Korea planned to resume dismantling its nuclear program Tuesday for the first time in two months, days after the United States removed the communist regime from a terrorism blacklist as a reward under a disarmament pact. IAEA: N. Korea disabling set for Tuesday North Korean foreign minister set for nuclear talks in Moscow Publ.Date : Tue, 14 Oct 2008 09:11:42 GMT Milk, Sunshine Each Day Keep the Doctor Away - Washington Post
Washington Post - ยท Kids from newborns to teenagers should take twice as much Vitamin D as previously recommended because it may help prevent serious disease, a leading medical group said yesterday. Video: HealthWatch More tenacious about vitamin D Publ.Date : Tue, 14 Oct 2008 06:17:28 GMT Asian, European Markets Continue Upbeat Rally - Washington Post
Washington Post - By Blaine Harden TOKYO, Oct. 14 -- Feverish buying in Japan on Tuesday replaced last week's market panic, as the benchmark Nikkei stock index soared to its largest-ever percentage gain in a single day, up 14.15 percent -- part of a global rally in ... Video: Asia Markets Mostly Up Monday World Markets Reflect Growing Hope Publ.Date : Tue, 14 Oct 2008 10:11:14 GMT Increased Web Site Traffic |
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