5 Investment Tips For Beginners
If you want to make headway on building your wealth, simply saving money might not be enough. Your next move to maximize your savings should be to begin investing. Investing is an important building block of a sound financial future and can help you get higher returns from your money than you’d get from a savings account or certificates of deposit. 1. Set the stage for sound investment Before putting a shilling in any investment set the stage for sound investing. First, set up a budget indicating all your capital and recurrent expenditure. 2. Seek help For brand new investors, the process might be overwhelming. If you are unsure of how or where to put your investments, get a firm that can advise you well. 3. Start with simple Investments The best way to invest is to keep things simple. Begin with a simple and manageable monthly investment and work your way up as you get to know the investing markets better. 4. Learn where to invest your money Our CEO – GeorgeWachiuri — an entrepreneur, author, motivator and astute businessman offered the following advice on where beginners should invest: “For beginner investors, the best investment market is the real estate sector. With a 45% –…