Welcome.
Naturally, in 2 minutes I will not be able to give you the skills that I have gained in investing over several years, but I will try to set the desired vector. For financially literate people and experienced investors, the post will be a proverb
repetition is the mother of learning. So, remember the basic rules, knowing that you have a chance of success will grow very much:
1. Formation of investment capital.Set aside from your savings that amount, the loss of which for you will not be critical. With this amount you will do the
1st steps of the investor.2.Continuous replenishment of investment capital.Take it as a
habit to save 10-20% of all your income and replenish your bank with them for investment.
3.Never take money from investment capital for other purposes!You can only spend net profit, with deduction
10-20%! Otherwise, you will stagnate in one place, and there can be no talk of financial freedom.
4.Never take loans and loans for investment!Investment - is a risk by definition, and in case of failure, you will not only be left with nothing, but the responsibility of debt will also put pressure on you.
We invest only your money!5. Risk diversification. (do not store eggs in one basket)Never invest your
entire bank in one project. No matter how attractive it is, there is a risk even in risk - free projects. Lack of diversification is the
most common mistake of a novice investor. However, it is worth noting that illiterate diversification is no less dangerous than its absence.
6.Come to break even as fast as possible.Of course, it is very tempting to constantly reinvest profits back in order to disperse your deposit and get more profits in the future, but very often this becomes the fatal
mistake of a novice investor. No need to be greedy, first go to breakeven, and only then you can reinvest part of the profits without risk.
7.Do not look for 100% guarantee.The art of investing is not a search for guaranteed profit,
it is a game in which, in order to win, you must be able to relate the probability of profit to the possibility of failure.
There is not a single investor whose projects would always be successful. But we don’t need all these projects, our task is to make them bigger. And it is not as difficult as it seems at the 1st glance!
P.s If the post was helpful, I will be glad
+ Merit And yes, share your investment rules or any experience with investments, how to speak, you need to learn from your mistakes and it will be useful for
newbie to know!