Investing Essentials
“In the business world, everyone is paid in two coins: cash and experience. Take the experience first; the cash will come later” -Harold Green
One of the greatest flaws of inexperienced investors make is to spend too little time planning and monitoring their investments, yet expect a fantastic return on them at a future date. It is important to spend time researching before investing money in any type of financial venture, so that not only do understand what you are investing in, you also gain a greater appreciation of the nature of what you are doing.
Investing can be done at any age and during any part of a person’s life. However, whether you believe you are too old to start investing is a both a matter of principle and a measure of your risk tolerance and investment goals.
In setting your investment goals, your AGE is a very important factor. The age of an investor is usually positively correlated (moves in a positive or same direction) with the type of investments they will commit to. This means that as you get closer to your retirement, you will typically move away from investments that have a high degree of risk, require a large amount of capital (money) or have low liquidity (ability to convert the investment easily into cash).
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