The First Common Mistake Of The Investment Beginner Is To Not Investing.
Hello dear...
In this post, i wanna share my thoughts about investment.
Im not someone qualified to talk about this topic since im beginner myself.
But let me share the summary that i gather while i m trying to enter in the investment world.
The first common mistake of the investment beginner is to not investing.
Yes, of course.
But do i know about it before?
No.
I dont know about investment before.
I was uneducated about it.
Then, i found so many amazing people online and opened my mind about it.
So how to overcome that?
Educate Ourself
The first step we, as beginner, should take towards investing are to educate ourself.
Its not getting ready the money, take a loan, etc.
Its actually hours and hours of research in every investment option in the world.
We should look for the pro and the con of every option.
Which one we can understand more, because we should understand the system that we want to join and trust our money to.
Make sure to not waste your time and money to invest in something that hard for you to understand, its just lead to ward bad news and money loses.
Brace Ourself, This Is Not A Flowery Road
Brace yourself to understand that this gonna be a hard way.
The market is always up and down and we might loses our money in the way.
Its something normal, though when its happened its very hard mentally foe everyone, the pro and beginner both.
We should prepare our heart that its not gonna be always profit.
There’re bad days, bad months, and even bad year.
But its still a better shot we can take compare to just having our money laying around or keep our money in our bank account.
If we keep cash, big chance that we will use the money and BAM, its finished.
If we keep money in our bank account, well, its safe, but we dont let our money the chance to grow.
And with that, its just mean that we should work harder to gather money, and the chance of early retirement is so low except that if we have a really high salary job now.
Lets give our money the chance to grow even if took years to come, so that we dont need to worry about our financial situation after our retirement and can even possibly do an early retirement.
Now Its Time To Pull The Trigger
After educating ourself about the investment we want to take and getting our mental ready to take a chance in investment.
Its time to pull the trigger, to take the first step of deposit our money into our investment account.
I know this is the hardest out of all, because all the what if going around inside our head.
But lets just take baby step and do it slowly, little by little till it get bigger.
Dont be scared, dont think too long and just do it.
Believe me, you’re gonna addicted to it after awhile.
Investing can change our life so much even before we start to gain profit.
Its a beautiful experience and please believe that its only have beautiful scenery too at the end of this dark tunnel of the uncertainty of investment.
Posted Using LeoFinance Beta
https://twitter.com/MykitsuneJ/status/1348452469840424967
If we do not invest now, our future will be bleak.
Thank for your sharing!
Posted Using LeoFinance Beta
Yes, sadly i realized that kinda late.
Thank you for reading 🙏
Hi @firayumni !
It's true, you actually have to take action and embrace risk (after doing a risk assessment of course).
One thing I'd like to add is, if you are thinking about investing through a trading site, the site may have a demo-trading option. That allows you to practice trading using a "demo account" without risking your own capital. That is what I am doing on a trading website this month and it is teaching me a lot about how to invest.
All the best for your investments in 2021!
Actually yes but i do see that it makes many people to be overconfident and after they're successful with the demo account they just drop their money in the real account and ended up losing everything. Maybe because its not our real money so we have no stress and have clearer mind while trading so it makes our demo account to be successful.
Personally, i prefer to just drop small amount of money like 5 to 10 dollar and then get the feel from that and then start to build up from there.
All the best for yours too 🙏
Right investments take action. I've learned that the most important thing is information on the business. I myself like to buy like a stock or crypto and average my price lowest I could think of. Sometimes I like to catch a bullish trend to and get in to a dip. Most important thing though is the information so you know you're in to something good and that it's ok to further invest in
Yes true.
Being educated about where we will put our money on is the most important thing before we start dropping the dollar.
Without have enough information, i believe that its just gambling and not investment.
Exactly