decide which investment is best for you, open an investment account and fund it, then buy your asset.
however, when your mind comes to ask how to start investing, you feel like
you cannot keep saving money for a long time to increase your wealth.
so you decide to invest quickly.
how do start investing?
1. decide your investment
pros:
although when I started investing with little money in the stock market, it gave me
a great return in the long run . so whenever you start with little money,
your reducing risk in your portfolio.
some people are not good at investing in stocks, afraid about the loss of their money.
for this type of person, my approach always recommends investing in real estate is
the second greatest way to increase your wealth.
whatever it is when comes to investing in the stock market (or) real estate, asking for advice
and idea from your mentor is a great way to avoid mistakes in your investment.
cons :
moreover, people who start investing a big chunk of money, always end up with
great loss.
when you don’t about investing in stocks and making money, then investing in real estate
is the better way than investing in stocks.
Economic Evaluation & Investment Decision Methods
on the other hand, starting an investment without advice from your guru (mentor) will cause you
to make a lot of mistakes.
2. open your investment account:
pros:
when I open an investment account, I first think about brokerage fees and their commission.
so opening your account with the lowest and best brokerage will save you a lot of money to
invest.
at the same time having 24-hour support and conversations with your brokerage can
help with your doubts and issues
opening your account with low tax (or) tax-free can give you a great advantage for your
investment and also for your retirement.
cons :
opening your account with high fees and commission brokerage will affect your investment
and give you a low return on your investment money.
to be without brokerage support will reduce their trust in them and can’t
able to solve your account type of issues.
again having an account with a high tax bracket will significantly decrease your money in your
investment account and make you feel bad while in the retirement period.
3. fund your account and buy an asset
pro:
funding your account with a minimum of 30% of your income consistently every
month can benefit you in the long run.
however, if you are investing in any type of retirement account, it can be
a great advantage for growing your money, tax-free.
particularly buying assets and holding for long periods can give compound returns
from your investment.
cons :
investing consistently every month in learning will cause you to have a big level
of loss in your investment account.
moreover, when you invest in a retirement account, you cannot invest more than
5500$ in 2019, because it is also a big disadvantage for somebody who invests
more than that.
on the negative side without analyzing fundamental statements, buying assets and
holding for a long period can bring you a high amount of loss in your
investment.
A Random Walk Down Wall Street: The Time-Tested Strategy for Successful
Investing (Twelfth Edition)
conclusion :
in the final analysis, I give my experience, in investing. whatever risk (or)
the loss I encounter I don’t stop learning from my mistakes, because without trying you
can’t learn from your mistakes.
however, you don’t even know what mistake you would make if you didn’t try. when I face
hard times in my life .its very difficult to overcome my situation, clarify if you are
facing any hard times (or) broken times in your life never quit.
if you have any doubt (or) if you find any difficulty in your investment
then feel free to contact me.