{"id":134802,"date":"2022-09-04T00:00:00","date_gmt":"2022-09-04T00:00:00","guid":{"rendered":"https:\/\/trybeem.com\/blog\/start-investing-basics-you-should-know\/"},"modified":"2024-05-10T11:04:16","modified_gmt":"2024-05-10T11:04:16","slug":"start-investing-basics-you-should-know","status":"publish","type":"post","link":"https:\/\/trybeem.com\/blog\/start-investing-basics-you-should-know\/","title":{"rendered":"Start Investing: Basics You Should Know"},"content":{"rendered":"\n

Many don’t know where to start investing. Others don’t realize that investing is not as scary as it sounds. we know, you’re probably even tired of hearing from rich peeps who go on and on about how investing is “the best thing to do for your finances<\/a>.\u201d So, here are 6 tips for you to start investing if you don’t know how to.<\/p>\n\n\n\n

If Not Now, When?<\/h2>\n\n\n\n

The biggest barrier to investing money<\/a> as a beginner is getting started. Don\u2019t wait, there is no such thing as a perfect time to get in. You need to start now and keep adding to it. Yes, investing has uncertainties and a whole lot of risks. Come to terms with the fact that your investment will lose money, even if it does, it\u2019s not your fault! But just as there are days of loss, there will be days of gain as well. You just keep at it!<\/p>\n\n\n\n

Set Goals to Score Them<\/h2>\n\n\n\n

Why are you investing? If you can answer that question, then the first step to your investment strategy is set. Put a plan in place, have a blueprint of your short, medium and long-term goals, give them each a time frame. For example, a short-term goal could be a vacation<\/a> to Paris next year, while a medium-term goal might be a down payment on a house in three to five years. This will help you understand and plan on how to invest with a time frame attached to each goal.<\/p>\n\n\n\n

Be Fearless in Your Pursuit of Investment<\/h2>\n\n\n\n

Don\u2019t let the media scare you, they don\u2019t look at investing the way you do. The media\u2019s goal is to bump up views and the sensational headline is their strategy to get there. But you, on the other hand, your goal is to grow your money over time (yes, over time). So don\u2019t freak out if you see headlines declaring the next \u201cStock Market Armageddon.\u201d Keep a level head and see how you can make decisions that will work in your favor.<\/p>\n\n\n\n

How Much Risk Can You Tolerate?<\/h2>\n\n\n\n

Don\u2019t bite off more than you can chew. Take as much investment risk as your investment goal requires and your stomach can bear it. Don\u2019t take on more risks with your investments just because you think you can afford it, even if you can afford it doesn\u2019t mean you should.<\/p>\n\n\n\n

Need Help? Just Ask<\/h2>\n\n\n\n

You know where you stand in terms of your knowledge about investments. Our best advice for beginners is, if you\u2019re not an expert, ask for help! Talk to a financial advisor, they will help you navigate any uncertainty you have. Come on, you can do it! Advisors are not only for the wealthy.<\/p>\n\n\n\n

Automate Your Investments<\/h2>\n\n\n\n

When you\u2019ve set up investments, ensure to automate as much of your investing process as you can. Set up automatic savings deposits and other contributions that go to your retirement account. You can even automate monthly investments. The lesser work you have to put in, the lesser overwhelming it will be!<\/p>\n","protected":false},"excerpt":{"rendered":"

Investing can be daunting, especially if you don’t come from a financial background or if don’t have an inner circle of people who know their way around finances. What the heck could all those weird terms like \u201cbear and bull\u201d, \u201cdividend and margin\u201d even mean? Understandable. And this is probably why people prevent themselves from potentially building their wealth in the long run.<\/p>\n","protected":false},"author":10,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2345],"tags":[907,107,494,168,170,191],"edited-by":[],"class_list":["post-134802","post","type-post","status-publish","format-standard","hentry","category-invest","tag-beginners","tag-financial-planning","tag-investing","tag-money-matters","tag-money-saving-tips","tag-personal-finance"],"acf":[],"_links":{"self":[{"href":"https:\/\/trybeem.com\/blog\/wp-json\/wp\/v2\/posts\/134802","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/trybeem.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/trybeem.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/trybeem.com\/blog\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/trybeem.com\/blog\/wp-json\/wp\/v2\/comments?post=134802"}],"version-history":[{"count":0,"href":"https:\/\/trybeem.com\/blog\/wp-json\/wp\/v2\/posts\/134802\/revisions"}],"wp:attachment":[{"href":"https:\/\/trybeem.com\/blog\/wp-json\/wp\/v2\/media?parent=134802"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/trybeem.com\/blog\/wp-json\/wp\/v2\/categories?post=134802"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trybeem.com\/blog\/wp-json\/wp\/v2\/tags?post=134802"},{"taxonomy":"edited-by","embeddable":true,"href":"https:\/\/trybeem.com\/blog\/wp-json\/wp\/v2\/edited-by?post=134802"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}