Topic: Investing ADVICE FOR BEGINNERS FROM A BEGINNER - page 2. (Read 279 times)

1. Start slow, if you have $10000 only invest $1000 for the first 6 months. It’s gonna be hard but you will learn a lot and still won’t be enough
2. Have good role models ! And take advice from them , if they are  successful  they must be doing something right, don’t just blindly listen to gurus and Twitter feed, unless the person twitting is someone big
3. Investing should not be about fear ! If you are unsure about a investment , it’s because you don’t understand the investment enough, NEWS are a big part of investing , if there are lots of comments and tweets about a project and lots of comments about 10x or 100x maybe don’t take the comment seriously be try to understand why people are commenting such things like what news just come about
4. Again luck plays a crucial role in some investment , that is part of LIFE but you shouldn’t think of investing that way, if you really understand a project and 6 months will be a lot of time to have a couple project in mind, you can the dollar cost average into your project with the $9000 that you have,
5. After 6 months you will have maybe 3 projects in mind so you can weekly put in little money weekly or monthly, this should take 6-12 months to dollar cost average,
6. YES you will have emotional and sometimes try to put the whole $9000 in 1 go, but trust me , most successful investor have KNOWLEDGE, maybe play around with the 1000, but don’t ever touch the 9000 that you are buying with weekly,
7. If you manage to lose the $9000 it’s not GAME over, if you have a decent job weekly keep buying your investment
8. LIKE I SAID, use $1000 for the first minimum 6 months to play around, then you can dollar cost average with the remainder 9000,