To start investing from scratch

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Three profiles conservative, rational and aggressive. To determine yours, honestly state your investment goal and the time frame for which you are willing to part with money so that it will generate income in the future. Consider your age, experience in the investment field, and expenses. Step . Count your money Evaluate your personal budget. Think like the finance minister the treasury consists not only of income, but also of expenditure. If you earn more than you spend, there is a reserve fund safety cushion, then you can invest. Step Choose between active and passive investment Are you ready.

To monitor stock exchange quotes for most of the day? Or you were malaysia telegram data offered to invest in a startup and take part in its management you will have to give not only money, but also time. If you are going but do not want to spend a lot of effort on working with assets, then you will have to limit yourself to bank deposits, bonds, mutual funds, precious metals, real estate with caution!. But such investments will rather protect you from gluttonous inflation, but are unlikely to become a source of large income. Expert advice.

For beginners Personal finance and investment management expert Igor Fainman gives the following recommendations. Dont put all your eggs in one basket. The guiding principle of a smart investor is diversification. By buying stocks, bonds, gold and currencies, you will be more protected than an investor who keeps all his money in one asset. Make trades as rarely as possible. Trading is a way to lose your savings. A real investor, like a wise hunter, knows how to wait for his hour. With frequent investments, the risk of mistakes and broker commission increases. Remember small commissions eat up big profits.