Investing Basics – What should be Your Investment Goals?

3년 전

When it comes to investing, several first-time investors want to jump right in with both feet. Sadly, very few of those investors are successful. Investing in anything that needs some degree of skill. It is important to recognize that few investments are general– there is the risk of losing your money!


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Before you jump into it, first determine what your goals are? What do you expect to achieve with your investments? Will you be financing a college education? Buying a home? Retiring? Before you spend a single penny, really think about what you hope to achieve with that investment. Understanding your goal will help you to make smarter investment decisions along the way!

Usually, many peoples invest money with dreams of becoming rich overnight. This is likely possible – but it is also rare. It is just a terrible idea to start investing with dreams of growing rich overnight. It is reliable to invest your money in such a way that it grows slowly over time, and be after retirement or a child's education. Still, If your investment goal is to become rich quickly, you should learn as much about high-yield, short term investing as you probably can before you invest.

You are strongly considered to talk to a financial planner before making any investments. Your financial advisor can assist you to determine what type of investment you must do to reach the financial objectives that you have set. He or she can provide you practical information as to what kind of returns you can expect and how hard it will take to reach your specific goals.

Again, remember that investing requires more than calling a broker and telling them that you want to buy stocks or bonds. It needs a certain amount of research and knowledge about the market if you wish to invest successfully.

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To those that have that high growth goal, I would advise reading up on risk management. Even if you find an investment with expected yearly returns of > 100% if you do not respect the risk, you are likely to go broke, and worse, later see your, now abandoned, investment go to the moon

Very interesting info, upvoted and followed!!

@bayrene my goals is buy good coins at deep price for long-term!! And my goal is end of 2k17 made 20 btc!!

One of the worst and initial mistakes is invest in something because of the hype and the FOMO without understand or research about it.
For the people making the first investments its important to research about it before start

  ·  3년 전

thanks for sharing...upvoted and followed you

It depends on what you invest and how much, I've seen people getting robbed of their lifetime savings because they just "trusted" the bank. One main rule is to never trust anyone with your money, it is better to make your own decisions, so the gain or the loss will be totally on your shoulders.

Nicely written short article. Yes, it is important to know your goals and to get advisers on your track. Following you for next future advice.

Currently I'm experimenting with small amounts of money in crytocurrency to get my feet wet. What do you feel about high risk, high reward investments?

Hello @bayrene

I think that the coming of cryptocurrencies have spiked people interest, Bitcoin especially opened the eye of everyone.

For me , i have been seeking the advice of a experienced trader to find out the best way to invest my precious steem earnings.

I have also started downloading bittrex tutorial videos,to know the kniks of placing orders.

@ogochukwu

Hi, I´m a robot, I just upvoted you! I found content that might give others more insight about your topic:

https://www.forbes.com/sites/jrose/2016/03/15/how-to-invest-1000-dollars/#3d28aee1c48a

This post received a 5.0% upvote from @randowhale thanks to @bayrene! For more information, click here!

@bayrene ,Interesting post I like this

nice post @bayrene i liked and followed you goodluck out there