• Privacy policy
  • T&C’s
  • About Us
    • FAQ
    • Meet the Team
  • Contact us
TLE ONLINE SHOP!
  • TLE
  • News
  • Politics
  • Business
  • Sport
  • Opinion
  • Elevenses
  • Entertainment
    • All Entertainment
    • Film
    • Lifestyle
      • Horoscopes
    • Lottery Results
      • Lotto
      • Thunderball
      • Set For Life
      • EuroMillions
  • Food
    • All Food
    • Recipes
  • Property
  • Travel
  • Tech/Auto
No Result
View All Result
The London Economic
SUPPORT THE LONDON ECONOMIC
NEWSLETTER
  • TLE
  • News
  • Politics
  • Business
  • Sport
  • Opinion
  • Elevenses
  • Entertainment
    • All Entertainment
    • Film
    • Lifestyle
      • Horoscopes
    • Lottery Results
      • Lotto
      • Thunderball
      • Set For Life
      • EuroMillions
  • Food
    • All Food
    • Recipes
  • Property
  • Travel
  • Tech/Auto
No Result
View All Result
The London Economic
No Result
View All Result
Home Prices and Markets

Considering investing? Make sure to read these tips first

With exclusive platforms and cutting-edge technologies allowing you to plan your budget and invest money in just a couple of clicks, investing has never been easier. This could be a double-edged sword, though, since many people start investing with no prior knowledge about this activity. First of all, you should understand that investment is not […]

Jess Young by Jess Young
2019-05-23 08:15
in Prices and Markets
FacebookTwitterLinkedinEmailWhatsapp

With exclusive platforms and cutting-edge technologies allowing you to plan your budget and invest money in just a couple of clicks, investing has never been easier. This could be a double-edged sword, though, since many people start investing with no prior knowledge about this activity.

First of all, you should understand that investment is not an easy thing to do, however practical it may seem right now. It takes hundreds of hours of studying, practice, and, most importantly, readiness to accept failure. As soon as you accept that you are going to lose your money at some point and that no investment is 100% safe, you can begin your journey and explore this chance to earn money.

But before you actually start reading books and seeking investment opportunities, make sure to take a look at the tips below. Read on!

Set clear goals

Whenever you start doing something, it is important to have a clearly defined goal in mind — this is especially relevant when it comes to investing. Therefore, before you even think about investing in something, make sure to ask yourself this: What are my long-term goals? If you can provide a clear answer to that question, you can proceed to the next step and start planning your short-term goals as well.

Get ready to risk

Investing is ultimately risk-taking, but it is up to you to decide how much you are willing to risk before leaving the arena. Sometimes, risking is not only about losing your material wealth but about your well-being too. People have different tolerance of risk, which means that risking $100 for one person could be equally stressful to risking $10,000 for another. Your risk tolerance will ultimately define what type of investor you are and show you how to proceed with your finances without being emotionally (and financially) affected.

Don’t let emotions dictate your actions

Speaking of emotions, they can really get in your way once you start investing. Investing is a very vibrant type of activity with a lot of ups and downs. You can get excited over something and make harum-scarum decisions that could really affect you.

Emotions can also get in your way when you are feeling down due to certain financial losses. Making reckless investments out of desperation is a certain way to destroy your career. Therefore, learn to track your emotions and do your best not to let them affect your rational thinking. Otherwise, you will not be able to develop as an investor.

RelatedPosts

Has Bitcoin bottomed out?

Five reasons why Bitcoin could be stuck in a temporary rut

Business Mogul Skeptical About Cryptocurrencies, Prefers NFTs

Nornickel’s GPF Rolls Out Instrument to Invest in Metals for Electric Car Industry

Start with basic knowledge

In order to make a deep dive into investing, you need to go through the basics, however boring they may sound. Financial knowledge has been developing for centuries, and there are dozens of useful things you can find in 101 books which can help you improve your game. Things such as COG Indicators and other useful formulas can help you find a perfect investment opportunity.

Diversify!

Some professional investors can put all of their money in one business and still turn a profit. However, the safest way for the majority of investors is to diversify their investment opportunities and invest not only in different businesses but in different industries as well.

Subscribe to our Newsletter

View our  Privacy Policy and Terms & Conditions

Trending on TLE

  • All
  • trending
Abdollah

‘Rescue us’: Afghan teacher begs UK to help him escape Taliban

CHOMSKY: “If Corbyn had been elected, Britain would be pursuing a much more sane course”

What If We Got Rid Of Prisons?

More from TLE

‘Voice of Formula One’ Murray Walker dies aged 97

Selling your own grandmother has a new meaning! Grandson battles gran in by-election

Peppa Pig would make a better PM than Rambling Johnson – TSSA  

Man appears in court for the murder of mum of four Aliny Mendes.

‘Depraved’ child sex gang abused young girls ‘systematically’ in a ‘shag wagon’

New Benefit Cap “Will Throw 300,000 Children Closer to Homelessness”

Lotto Results for Saturday 11 December 2021 Lottery Tonight’s winning numbers

BBC QT audience breaks into hysterics after Tory MP says he believes Johnson didn’t lie to the Commons

Disturbing footage shows carer slapping, pushing & dragging vulnerable man in his own home

Isle of Man will close its borders in bid to halt the spread of coronavirus

About Us

TheLondonEconomic.com – Open, accessible and accountable news, sport, culture and lifestyle.

Read more

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.




No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Entertainment
  • Lifestyle
  • Food
  • Travel
  • More…
    • Elevenses
    • Opinion
    • Property
    • Tech & Auto
  • About Us
    • Meet the Team
    • Privacy policy
  • Contact us

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.