In terms of what to invest in, I always recommend index funds, either ETFs or mutual funds. The best time to invest in the stock market was yesterday but the next best time is today. My advice for new investors is to get started.
#MONEY MANAGER EX YOUTUBE HOW TO#
What advice do you have for new investors on how to get started with investing? From there, I’ll leverage my existing property’s equity to expand my property portfolio. I want to diversify my investments through rental properties and use my capital gains to pay for down payments. In the next few years, I plan to sell a portion of my portfolio to get into real estate. If the fundamentals are solid, then I personally believe in the company and that the stock price will rise again.
The reason for this is because I invest in companies for their fundamentals. Despite what my mind is telling me, I acknowledge this is a psychological trap and instead I’ll purchase more shares. On the other hand, when a stock price (or market) dips, my rule of thumb is to never sell. In addition, if it’s a company I love, I will only partially unload shares (~50%) and dollar cost average back in when and if it dips. On these occasions, my minimum requirement is that I have held the stock for at least 1 year to reduce taxes on my capital gains. be fearful when others are greedy and be greedy when others are fearful). For others, I’ll occasionally offload shares when I believe the market is performing too well (i.e. For some blue chip stocks, I plan to hold until retirement assuming the companies keep up with the times. I’m 25 years old so I have a very long time horizon (10+ years). What is your time horizon, risk tolerance, and investing strategy? What are you currently investing in?
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