Start Investing The Right Way
posted on Aug 28, 2020 | 559 likes
Your roadmap to making the right investment decisions.
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Investing your money is essential because it allows you to amass wealth and open doors for you later – even when do little or nothing in the future.
People who cultivate the habit of investing regularly are the ones who end up being wealthy. And, the good news is it does not take a lot of money or technicality to start investing.
While investing is something that a lot of people want to do, not very many people know how to go about it the right way. So, we wrote this article to discuss some basic things you should know if you’re looking at beginning investing.
1. Set Investment Goals
You will do well and be more committed with your investment if you have goal in mind.
Just setting money aside might not motivate you enough, but having a goal that you want that investment to fulfill will go a long way in motivating you to not only invest but leave your investment for the desired tenor.
Obviously, your ultimate goal is to make money, but everyone’s needs are different. Things to consider include income, capital appreciation, and safety of capital.
Also, consider your age, your personal circumstances, and your financial position when setting your investment goals.
2. Invest Early
The earlier you start investing, the better. For one thing, the sooner you start, the less money you will need every year to achieve your investing goals.
Your earnings will compound over time, so don’t be afraid to start investing, even if it’s your first salary.
3. Educate yourself
Before you start investing, it is advisable you take the time to educate yourself about the basics of personal finance.
This is not suggesting that you take a course or start a paid class on personal finance, but merely reading books on personal finance or following insightful blogs like this one you are reading right now would give you the basic foundation with which to start with.
For instance, “The Intelligent Investor" (1949) by Benjamin Graham is one of the oldest books on investment but the lessons are still very applicable now.
Reading books written by successful investors on investment is a good way to get started about all it really takes to start investing.
Reading would also give you more confidence about your money and why you should start investing as soon as possible.
4. Pick the right strategy
When it comes to investing, you have a lot of options, but most beginners and even pros tend to choose one of these two:
- Invest with a financial institution that pays them ROI at agreed periods
- Start investing on their own with an online brokerage.
There’s nothing wrong with any of the above choices, so you really need to figure out what works best for you.
Although for a beginner, investing with a financial institution is usually the best option because, investing on your own would be quite overwhelming since you will not have the market expertise to understand the dynamics of market intricacies.
In the past, people used to be hesitant about investing due to the perceived complexities associated with it, however, the intervention of financial houses in Nigeria has made investments simpler and transparent.
To invest with Page Financials, a reputable financial institution that is regulated by the CBN and NDIC is now simple as ABC, all you need to do is either call 017007245 or send an email to our customer service at customer@pagefinancials.com and you will be assisted to get started immediately.
Conclusion
As you can see, contrary to popular belief, investing is now very simple, if you can send an email to a friend, then you can also open and setup an investment account for yourself with Page Financials
So, are you ready to start investing? Or want to start another investment line?
Visit our website at https://pagefinancials.com or call 01-700PAGE (7143) or send an email to customer@pagefinancials.com to get started.
Follow Page Financials on Facebook, Instagram, Twitter, and LinkedIn to get daily updates on how to live a financially sound and productive life in your career and personal life.