NEW TO INVESTING
Introduction
Have you ever wanted to invest in the stock market, but have had no idea where to begin? Have you ever read stories of people retiring young and wonder how they do it? Do you dream of retiring when you want to as opposed to when you are able to?
If you found yourself nodding your head to any of the above questions, you’re not alone. The purpose of the ‘New to Investing’ series is to introduce the basics of investing, starting with the most fundamental principles. Investing your hard-earned dollars for the first time can be extremely overwhelming. Without knowing exactly where to begin or how to get started, one may decide that they are better off not to invest at all.
The goal of this series is to highlight that not only is investing a realistic method of increasing your overall wealth but also that anyone can do it. That’s right. Whether you have $100,000 or $50 sitting your savings account, anyone can begin investing through one means or another.
And believe me – it’s a lot easier to get started than you might think.
One common misconception about investing is that you can get rich quick. Although some investors may see considerable monetary gains within short periods of time, if you are truly investing, the real benefits are manifested in the long-term. This is accomplished through something called compound interest. A great example of the effect that compound interest has can be found in my free forecasting tool. Here you can plug in your own salary to understand what compound interest can do for you.
After reading through this series, you will have a basic, yet thorough understanding of what it means to invest your money. If at this point you still have interest to start investing, do your future-self a favour and keep reading!
