Worried? Confused? Am I ready to start investing? Rest assured, these are questions that many professionals ask all the time.
The good news is you have just taken the first step into discovering if investing is really right for you. Regardless of your age or experience level, this IS an important concept to think about. As Ben Franklin once said "an investment in knowledge pays the best dividend."
Let's dive in a little deeper here (but not too deep...you are still a beginner after all). So what exactly is investing? Investopedia defines investing as "The act of committing money or capital to an endeavor with the expectation of obtaining an additional income or profit." To put it simply, investing is essentially making your money work for you. Pretty cool right? People invest because they want to have freedom, a sense of security and the ability to afford the things they want in life. If that sounds like you, read on.
So what types of things can one invest in? That answer could be an entire blog post or book for that matter. For the sake of this article let's focus on investing in the financial markets. When I say financial markets, I am referring to: Stocks, Options, Commodities and Foreign Exchange. These are also commonly known as investment vehicles or assets. They can be used as either a way to supplement your current income (what you earn from working a job) or to grow a retirement account.
So going back to the original question: am I ready to invest? The answer to that question ultimately depends on 3 factors: disposable capital, time and desire. If you meet all 3 criteria, but are still unsure if investing is right for you, than you should consider a free consultation from Eager Investors.
Eager to start investing? Act now.
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