I’ve been an individual investor for so long now that I sometimes forget how frustrating and costly it can be for those just getting started. So, let me share some general advice that helps me on my “Quest to Conquer the Markets”.
The most important bit of advice to remember is –
THERE ARE NO SUCCESSFUL GET-RICH-QUICK SCHEMES.
EVERYONE wants your money, even the people you think are your friends. DO NOT believe anything anyone tells you (including me) without verifying the facts for yourself. Even the people you trust can be wrong.
Always listen skeptically to what people in the financial industry have to say, and always ask yourself just whose interests are being served. Are they there in order to make you rich, or to make themselves rich? Question everything.
It is almost everyones’ mission in the financial industry to convince you to allow them to manage your money. They will use every sales technique available to make you think that they are smarter than you. They are only smarter at separating you from your hard-earned savings.
So, why not empower yourself? I’m here to tell you that with a little time, effort, and persistence, you can manage your money better than most professional money-managers can manage it for you. YOU CAN DO IT!
START ON YOUR OWN QUEST TO CONQUER THE MARKETS.
Education is the most important process in becoming a better money-manager. A knowledgeable investor is a successful investor.
To get you started, I’ve created this page of FREE online links to information helpful in getting started on your own quest to conquer the markets. These links will present a basic money-management overview, but a visit to your local library to read the references I’ve listed on my Required Reading page will help fill in the blanks.
Successful investing also doesn’t require an over-abundance of knowledge. A little common sense goes a long way -
Try to think like a contrarian and not always follow the herd. No one cares more about your life savings than you, so conduct your own due diligence (investigate), make your own financial and investment decisions, and learn to trust your intuition. You’ll find that your instincts will serve you well.
Most importantly, believe in yourself. I know that YOU CAN DO IT!
New Investors
Source: Cartoons by Harley Schwadron
I’ve been an individual investor for so long now that I sometimes forget how frustrating and costly it can be for those just getting started. So, let me share some general advice that helps me on my “Quest to Conquer the Markets”.
The most important bit of advice to remember is –
THERE ARE NO SUCCESSFUL GET-RICH-QUICK SCHEMES.
EVERYONE wants your money, even the people you think are your friends. DO NOT believe anything anyone tells you (including me) without verifying the facts for yourself. Even the people you trust can be wrong.
Always listen skeptically to what people in the financial industry have to say, and always ask yourself just whose interests are being served. Are they there in order to make you rich, or to make themselves rich? Question everything.
It is almost everyones’ mission in the financial industry to convince you to allow them to manage your money. They will use every sales technique available to make you think that they are smarter than you. They are only smarter at separating you from your hard-earned savings.
So, why not empower yourself? I’m here to tell you that with a little time, effort, and persistence, you can manage your money better than most professional money-managers can manage it for you. YOU CAN DO IT!
START ON YOUR OWN QUEST TO CONQUER THE MARKETS.
Education is the most important process in becoming a better money-manager. A knowledgeable investor is a successful investor.
To get you started, I’ve created this page of FREE online links to information helpful in getting started on your own quest to conquer the markets. These links will present a basic money-management overview, but a visit to your local library to read the references I’ve listed on my Required Reading page will help fill in the blanks.
Always remember – SUCCESS TAKES TIME AND EFFORT.
Financial/Investment Forums (To ask questions/seek advice)
Investigate Your Broker/Adviser
Successful investing also doesn’t require an over-abundance of knowledge. A little common sense goes a long way -
Try to think like a contrarian and not always follow the herd. No one cares more about your life savings than you, so conduct your own due diligence (investigate), make your own financial and investment decisions, and learn to trust your intuition. You’ll find that your instincts will serve you well.
Most importantly, believe in yourself. I know that YOU CAN DO IT!
The Magic Behind It All – Compound Interest
Put Your Money To Work – Invest