To avoid triggering anyone, I just want to talk about the fact I see so many people interested in the stock market and it’s pretty exciting. Especially to see people looking at this challenging time as an opportunity to learn something new. Staying safe and healthy is the priority, but using your time wisely to grow is icing on the cake. For the newbies, here are a few intros and a couple reminders for those who’ve been around for a bit:
- Only invest what you are willing to lose. If you can’t afford to lose the amount of money you invest, then it may not be time to invest. It may be time for developing your savings. Reference: Saving vs Investing and Saving vs Investing Pt2
- Understand the market has a bear market just as it has a bull market. Not all the time will be a bull market where prices are constantly appreciating. So there will be days, weeks, or months of declines as this pandemic market has shown us.
- There are strategies for making money in both. I’m working on this myself, but if you have a strategy you’d like to share, I’m all ears.
- There’s so many different ways to begin investing, you just choose your preferred broker, assess your risk tolerance, and do your research on stocks that help you invest in a way you’re comfortable with.
If you have any questions definitely don’t be shy! I may be an introvert, but I really enjoy talking about investing.
Until next time…