The market is full of uncertainty, certain tried-and-true concepts can boost your chances for long-term success.
Investors should first define their financial goals. For example, saving for retirement, purchasing an apartment, or financing the education of your children. This will help them decide on how much money they should invest and which type of investments will be best suited to their specific situation.
Prioritizing the building of an emergency fund or repaying high-interest loans prior to putting your money into the market is also a smart idea. If you have the funds to put into the market, start with a small amount and gradually increase your investments as you gain more experience.
One of the biggest mistakes that beginners make is trying to time the market, Keady says. Keady says no one knows what the ideal time to invest.
When you’re beginning your journey it is best to focus on stocks from companies you already know. As the legendary Fidelity Magellan fund manager Peter Lynch famously said, you have a better chance of winning by betting on companies with a solid history and strong growth prospects than attempting to predict the future.
Avoid online forums and ads that promote stocks with a high probability of success. In a majority of cases, these are part of a scam called a «pump-and-dump» where unscrupulous people buy buckets of shares of a sluggishly traded firm to boost the price, and then sell their shares to fund their own pockets.
www.marketanytime.com/how-world-marketing-can-benefit-your-investments
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