Advice for Small Investors: 4 Beginning Hints for Investors
By Jesse Schmitt, published May 31, 2007
Published Content: 491 Total Views: 99,939 Favorited By: 15 CPs
1)
Observe: I don't know how many people I've met who are so casual about their investing ("peh, it's only money!") If that is you, then that's great for you; however most of us want to have some kind of return on our money and aren't just foolishly flushing money down the tubes. So if you've got any interest in investing the best thing you can do is become familiar with the industry; learn the language, watch CNBC, read business section of the paper, go to Borders and look at the investing books and magazines (heck; why not support a writer and buy one!), see what people say. You'll begin to hear a lot of the same stuff being churned around the pot; one of these 'oh so common' themes are that many young investors...
2)
Aren't In it to Win It: Many times what young investors will do is see a phenomenon, the most recent one which comes to mind is Google; they'll watch as it goes up and up and then they'll buy into it and as soon as there's any dip in the price, they'll panic and sell out (usually at a loss). You've got to know what you're investing in and you've got to know that what you're investing in will go down. Prices go up and prices go down. But if you catch onto a flaming comet and then sell out at a loss, then no one wins. Especially when you look at the stock in three months and it's corrected itself and has fixed itself.
Advice for Small Investors: 4 Beginning Hints for Investors
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Takeaways
- Many beginning investors don't acknowledge that they can and will lose money!
- There are many different vehicels to get you started in the world of investing; not just stocks
- You shouldn't invest what you can't afford to lose.
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