hi i'm rose jacobs here with you for cal khan tv today we're going to look at investing tips for
beginners but first make sure you press the bell icon for all the latest updates here on calkine tv
according to legendary investor warren buffet investing is putting money towards something
now for you to receive more money in the future indeed the whole purpose of investing is to put
money into some type of asset which will reward you in the future but how do you start and where
do you start well here are nine tips to help you if you're a beginner investor firstly number one
you need to know your reason before beginner investors even get started they should know
why they are investing to use a simple analogy it's easier to shoot at a target when you know
what that target is there are different countless financial goals and everyone should tailor their
goals both towards their own financial situation and their desired outcome tip number two
keep reading and keep reading this tip is one of the many skills a person may aspire to have
again this should be done before the actual investing even begins some great books to read
on investing include robert kiyosaki's rich dad poor dad grant sabatia's financial freedom and
for the millennials erin lowry's broke millennial tip number three research for stock before buying
you would be surprised how simply understanding a stock before you sink all of your money into
it will put you ahead of the pack while researching is no sure fire way to succeed
100 of the time in fact no such way truly exists it does increase your chances of succeeding and
it gets you way more familiar with the market tip number four get familiar with the prospectus the
information provided in a company's prospectus is extremely valuable and learning how to read one
will help you immeasurably in the long term familiarising yourself with the prospectus
will teach you what to look for so that you can efficiently read a prospectus
in a shorter period of time tip number five choosing stocks a long-term investor will likely
choose different stocks than a short-term investor for long-term investing however diversification
is vital an investor with 10 carefully chosen stocks will have a portfolio with considerably
less speculative risk than buying three shares tip six put in the work and reap the rewards
investing with little work and research is not much different to betting on a horse
resist anyone trying to sell formulas or software designed to predict the market
tip 7 learn to detach from emotions while it isn't necessary to separate yourself entirely from your
emotions it's certainly necessary to be able to control them this applies to both positive and
negative emotions number eight be aware of the behavior of other investors when too many people
are feeling positive about the economy and the market it may be a good time to turn defensive
on the other hand when there's a lot of fear and perhaps tentativeness in the market it might be
time to buy up and finally tip number nine never panic the worst thing an investor can
do when they're losing money is panic it develops if you pay too much attention to what the media is
saying about stock markets amid a negative market sentiment environment if you feel inspired to
sell through panic and not rationality you should probably hold so they are just nine tips to help
a beginner investor to get started remember to do the work and stay informed and that is it for
today's video but if you like what you've learned then don't forget to like share and subscribe
and of course go to calkin media.com for all the latest i'm rose jacobs and i'll see you next time
you