Getting to know a person with the first money happens strangely: he seeks to instantly spend scholarships and salaries for some dreams and daily desires, without thinking about where it is profitable to invest money. And only after a while does it need accumulation and conservation and even better growth for saving money.
The phrase “money should work, not sit under the mattress” is well known, but it is much more difficult to “arrange” it for work, that is, to determine how to invest the funds. So it’s time to dump her and move on. An important point is also occupied by lending money companies.
Don’t invest the last money
For example, most of the salary or annual bonus. You can only invest free money – the ones you will not need for the maintenance of life very shortly: savings, savings. It is important to start thinking about build capital.
Don’t start with large amounts
Invest money that you can afford to withdraw from your personal or family budget without fear of being broken. Private investing is not a gamble, but a process that requires knowledge, skills, and abilities, so it is worth learning for a small fee.
Remember the risk
Any investment of funds involves risks of different levels. Learn how to calculate them and how to reduce them (for example, drawing up a diversified investment portfolio – the case when you invest in several different instruments).
Be careful at sources of information about the investment process
Unfortunately, there are a lot of strange sites that promise tempting but dangerous strategies. Check out official sources – websites of certified brokers, the site of the Moscow Stock Exchange, portals of banks, and issuers of securities. Moreover, serious companies have convenient mobile applications – so you can invest and monitor the movement of your money in real-time wherever it suits you.
Diversify your investments
Invest in different tools, choose complex strategies, combine ways to generate income. In the conditions of modern economics and geopolitics, it is better to diversify your investment portfolio not only by instruments but also by industry and country of issuers, terms, reliability, liquidity. So you will partially insure against losses.
Only invest in tools that you understand
You need to have an accurate idea of how your money will work, because of what and in what time frame it generates revenue, what risks you can bear.
Make sure you try to invest again
Even if the first investment was not a successful one. Analyze your mistakes, evaluate new opportunities, consult a broker and try again.
Work with professionals, especially in the beginning.
Working with a broker allows you to avoid stupid and offensive mistakes, learn how to work with tools, and gain access to exclusive analysis, without which competent investment is impossible. And most importantly, keep in mind that a professional broker guarantees the transparency and controllability of all transactions. If this is not the case then please opt-out of the services provided.