Whether you have $100, $1,000 or $1,000,000 to invest, the overall goal is the same: you’re most likely investing to have more money tomorrow than what you had today. Although that sounds great, it’s easier said than done. So, how do you get started with the investing process? There are a few easy steps that you’ll need to take in order to start investing. The following 5 steps should help you get started:
- Open and fund an investment account
- Create a plan or investment objective
- Define your acceptable level of risk
- Research, Research, Research
- Execute the trade
Markets can change rapidly. Therefore, after you execute the trade you’ll need to review your position often. Has your investment objective or risk tolerance changed? Has anything changed that would make your investment no longer attractive? Keep track of your performance and if you need to make a change to your portfolio then don’t be scared to do so. Good luck investing!