Search This Blog

7.01.2011

Beginning Investor Advice

Miranda over at WealthPilgrim.com offers some common sense advice to beginning investors that may initially seem self-evident, but I think it is helpful to reiterate nevertheless. Without a doubt, the primary culprit that stops beginning investors from investing in the stock market is the fact that it can seem terribly overwhelming to make the right direction. With seemingly every website offering contradictory advice, it becomes that much more difficult to put an intelligent investment plan in place. But as the old saying goes, 'the perfect is the enemy of the good.' The most important investment advice I could ever give someone is to get started, and put money in something like a generic domestic stock or bond index fund if you are unsure of what you want to do with your money. Generally, the biggest indicator of how much wealth you retire with does not come from your investment returns, but rather, the amount of money that you steadily contribute. To read a nice refresher on this, check out Miranda's article here: http://wealthpilgrim.com/5-tips-for-beginning-investors/ .

No comments:

Post a Comment

Followers