17 Investing Tips That All Beginners Should Master On Day One

Many people are quick to jump in with investing and excited to put their money to work.  But quickly, they can find themselves losing money or in unnecessary financial risk.

This is not to scare you away from investing, but a warning to ensure you are prepared before blindly throwing money towards assets.

These are in no particular order, but are items I would highly considering getting started with first.

Before You Start Investing Any Money

1. Sign-up for Your    Company 401k 2. Pay off debts 3. Have an emergency    fund built 4. Figure out your    monthly expenses

Investing Tips to Master on Day One

1. Know why your investing

You certainly can get incredibly wealthy with investing, but you need to have more attainable and long-term goals.

2. Read books about investing (and continue to)

I recommend diving into some of personal finance books and continue learning, even if you are a seasoned investor. I’ve read a few books over a couple of times and still learn something new.

Investing Tips to Master on Day One

3. Never invest in something you don’t personally understand

Investing Tips to Master on Day One

One of the best investing tips I can give to any beginner, always invest in the things you understand first. Read about it, know the history of your investment, research, etc. Blindly following the herd may strike you gold, but odds are you’ll lose money before winning.

4. Avoid jumping into investing fads

Investing Tips to Master on Day One

At the hype of Bitcoin, everyone’s mom, dad, grandma, and mailman was talking about investing in the digital currency. Hell, most people didn’t understand much about it other than hearing stories of people becoming millionaires off it and the price skyrocketing. Typically, that’s when it is time to stay on the sidelines.

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