All investment often require risk. And If you hate taking risk, chances are that you will find investing very hard.
Life itself is a risk because being alive means you’re at risk of death.
In investing, you need to always take the bull by the horn. In order to know how and how not to invest? You need to take the required/calculated risk.
The best way to start investing is to start early. If you lose money, which you will surely do, there’s always time to recover.
How Do I Start Early?
Becoming an investor at a very young age requires a lot of learning and discipline. Below are 5 tips that will get you started immediately:
1. Find a Mentor:
Finding a mentor will reduce the time and stress you’ll need to become a professional investor. If you can’t find a mentor in your location, register as an intern in any organization that’s into investing. Such includes Hedge Funds, Banks and Insurance Companies.
2. Attend Seminars:
The best way to learn is to be around experts in your field of interest. Attend seminars and meetup with professionals. You’ll be able to shadow them(see how they work), get your prominent questions answered, and as well gain new insights and experience. Remember, “You Can’t Be What You Can’t See.”
You Can’t Be What You Can’t See… Milbrey Wallin McLaughlin
3. Read Books:
Professional Investors are always hard to find. And if you do meet one, the fee they charge for personal trainings are outrageous. So the best way to get regular insights on what they’re doing is to buy their hardcover book or download their eBooks online.
4. Teach others:
Repetition is key when it comes to learning anything new. If you want to understand what you’ve learnt from expert investors, try teaching somebody else. The more people you teach, the more you understand and solidify your knowledge base.
5. Social Media:
Following professional investors on social media will give you real-time insights to whats happening in the Financial Market. Youtube is the best platform to watch tutorials from professional investor. Subscribe to any investment channel, and start learning.
In conclusion, endeavor to praticalize what you’re learning because what you know is not as important as what you do.
Also, the ability to learn things fast is very important in investing. Make sure you dedicate at least an hour a day to reading about trading and investing. There’s always something new to learn.
We look forward to knowing your experience so far in investing. Share it with us in the comment box below.