New to investing? It’s important to get educated before diving in.
Investing your money takes attention to detail as well as some educated risks. Here, we’ll help unpack some best practices so that you can make well-informed and strategic investment decisions.
Our content will answer questions like when is it the best time to invest? Should I diversify my portfolio? How closely should I be involved in my investments? Should I trade stocks online?
Investing should really be thought of as an extention of your personal money management. So your first priority should be to make sure your household finances are in a good place before any decisions are made. Advisors recommend that you have three to six months of living expenses saved before making investments. The main reason for this lies in setting up protections against the financial risk you’re taking. With how unpredictable the markets can be, you don’t want to be in the position of having to take on debt in order to pay for necessities. Essentially, you don’t want to use your assets as a primary source of income. You want to use them to grow equity.