Investing Strategy For the Newbie ? Stock House Group

Investing Strategy For the Newbie

by Jessica Drew

Having an investing strategy is crucial to investing your money wisely, which is the best way to achieve your financial goals. With taxes and the rate of inflation accounted for, investing your money is the only way to ensure that you actually make money over time rather than fall behind in the long run. But, there are so many options to consider when planning an investment strategy it can all seem very overwhelming.

While the details of your investing strategy will be unique to your individual needs and the needs of your family there are some tried and true steps you can take to make sure you make the best decisions no matter what you invest in:

Start investing by first setting realistic goals. Do not expect to make huge gains on stock market tips overnight. Experts maintain that a 10 to 12% return on your investments is realistic. Still, you may not even make this every year, but it is at least an achievable goal to reach for.

Create your own investing strategy based on your own needs and goals. Think about what you want to achieve and the time frame you have to achieve it. Then write out a detailed investment plan that will realistically allow you to reach these goals. Be conservative in your estimates and stick to the plan!

o Make investing part of your daily routine and monthly budget. Monitor your investments daily to ensure that they are maintaining a good status and working toward your financial goals at the pace you have planned. Also, and especially if you do not have a lot of money to invest upfront, consider these two investing strategies to get off to a good start:

- Dollar Cost Averaging: with this investing strategy you invest $20, $50, $250, or what ever you can afford on a monthly basis. By setting yourself a fixed amount to invest with each month, not only will you average buying in at a lower cost over time, but you will also make investing part of your monthly budget and slowly grow your investments as the months pass.

- DRIP investing: this investing strategy allows you to buy small amounts of stock regularly, without paying outrageous prices for commissions. Through DRIP investing you will also be eligible for the company?s dividends reinvestment plan (DRIP). A growing number of companies are allowing for this type of investing and will sell shares directly to investors.

o Mitigate your risks! There are several investment strategies to do this that apply to all forms of investments:

- Do Not invest any amount of money that leaves you feeling uneasy

- Do Not invest in anything you do not fully understand

- Do Not invest until you feel ready

- Do invest aggressively for the long term and conservatively for the short term

- Do diversify your assets and investments

- Do avoid scams and only work with reputable and established companies

If you do decide you want to enlist professional help in formulating your investing strategy and decide to hire a personal broker, first check out the broker or the broker?s investment firm to see if any complaints have been filed. You can obtain a detailed report by calling the securities regulation office of the state the broker does business in. Beware also that most personal brokers charge high fees.

30
JAN

Source: http://www.stockhousegroup.com/?p=1858

martin luther king memorial walking dead season 2 walking dead season 2 saving private ryan world series tickets world series tickets nelson cruz