1) Invest money you have that is spare
Any money you have that is extra can be used to invest. But think about if you lost that money due to a bad investment how would it impact you. This goes hand in hand of never borrow money to invest (and never invest other peoples money). Think wisely about the amount you are investing, is the money needed and will it be missed if your investment went down.
2) Take Time to understand how and where your money is invested
What is the company behind the investment, have they been around for long? Is the product they are promoting sustainable. What type of return can you expect? Although there are plenty of examples of established businesses and products not working out be wary of quick wins.
3) Think long term
Its nice to have a return on your investment within 6 months. But generally it can take a while to see growth. If you want to actively trade stocks and shares you will have to set aside time for this, some prefer to put there money in an investment and sit and wait. Make time to check on your investments, for long term you might want to check in every 3-6 months to see that they are working for you.
4) Don't wait
Procrastination, if you do nothing, you get the same. The longer you wait the more likely you are to miss opportunity. Start reading up on investing, look for companies that offer products. Think about how much you want to invest and the best place for it. Are you looking for a long term investment or do you need access to your investment funds
5) Spread your investments
"Don't put your eggs all in one basket" is a common phrase but can also be applied to managing your money. Just as when you invest in the stock market you are advised to create a diverse portfolio of investments, you should also select a range of products from various companies.
At Digital Investor Solutions we use the products we promote, if you are interested in knowing more about investing contact us for more information at contact@digitalinvestorsolutions.com where we can provide a wide range of investment platforms for you to consider (we do not hard sell).
3) Think long term
Its nice to have a return on your investment within 6 months. But generally it can take a while to see growth. If you want to actively trade stocks and shares you will have to set aside time for this, some prefer to put there money in an investment and sit and wait. Make time to check on your investments, for long term you might want to check in every 3-6 months to see that they are working for you.
4) Don't wait
Procrastination, if you do nothing, you get the same. The longer you wait the more likely you are to miss opportunity. Start reading up on investing, look for companies that offer products. Think about how much you want to invest and the best place for it. Are you looking for a long term investment or do you need access to your investment funds
5) Spread your investments
"Don't put your eggs all in one basket" is a common phrase but can also be applied to managing your money. Just as when you invest in the stock market you are advised to create a diverse portfolio of investments, you should also select a range of products from various companies.
At Digital Investor Solutions we use the products we promote, if you are interested in knowing more about investing contact us for more information at contact@digitalinvestorsolutions.com where we can provide a wide range of investment platforms for you to consider (we do not hard sell).