We often hear ‘stocks and shares’ come up in chats about investment – but do we really understand it? This article aims to offer a guide to stocks and shares – for beginners. It is no secret that investing money in stocks and shares can host brilliant benefits for those trying to earn more, but how? It’s important that we thoroughly understand the ever-evolving world of stocks and shares before throwing money at it – that’s why I’m here to help!
TOP TIPS FOR STOCKS AND SHARES
When in conversation with stockbrokers and wealth managers, stocks and shares are often at the crux of conversations when it comes to investing your money. Here, I offer my top tips when it comes to stocks and shares.
1. UNDERSTANDING YOUR INVESTMENT GOALS
The perfect place to start – at the very beginning. When starting on your investment journey, working alongside a stockbroker, it’s important to decide what your investment goals are before putting your money into stocks and shares. Goals can of course change over time. If you are planning on funding your retirement or planning to buy a home, it’s important that you periodically update your goals to ensure your investments are being used for the right things.
2. UNDERSTANDING THE RISKS
Investing in stocks and shares doesn’t come without its risks. As there’s no guarantee that your investments will return, it’s important that you seek guidance from an investment manager who can make the risks clear and offer appropriate options. Being able to weather the uncertain landscape that is the stock market is something to be prepared for when investing in stocks and shares.
3. UNDERSTANDING THE PLATFORMS
The cheapest way to invest in stocks and shares is through several platforms – often that stockbrokers have access to. Gaining an understanding of the appropriate platforms and markets before investing your money is crucial when it comes to navigating the stock market.