When we start investing, our main goal is financial independence. If we start as soon as possible, we will eventually – and before achieving this goal – have to invest less money overall. But what’s stopping us from getting started?
We usually face one of the following 3 reasons:
1. Fear of loss
We are afraid that we will lose our money, for which we have worked for so hard.
It is important to note here that investments always involve a certain risk. However, some forms of investment are safer and more stable than others, and are more suited to the profiles of investors taking the first steps in financial markets.
In any case, it is better to get support from certified consultants, such as Freedom24 consultants, before we start our transactions. Freedom Finance does not charge commissions, monthly subscriptions or hidden costs.
2. Hyperanalysis
When we spend too many hours before investing in the stock market researching and getting a lot of different information from many sources, we end up getting confused, tired and worried more than before.
Of course, we need to know every time what we are investing our money in before we invest it, but in order to have the desired returns, we need to refrain from overdoing it.
Studying investment data is facilitated with the help of a stock exchange platform such as Freedom Finance, which offers weekly and free comprehensive portfolio recommendations and cost-effective investment ideas.
Freedom also favors the transparency and security of its investors, as it has a European operating license from the Capital Markets Commission and a long-term credit rating of “B” by Standard & Poor’s Global Ratings. The platform is accountable to three regulatory bodies: CySEC, BaFin and SEC.
3. Lack of money
We often think that we do not have enough money to start investing.
Investments do not always require large funds. We can start with very small amounts, and then, as we get to know each other better and nurture our resilience to risk, we can gradually and carefully invest larger funds.
Investments always involve a certain level of risk. However, there are some investment instruments that are safer compared to others and are more ideal for individuals when they are just starting out in the investment area; for example, ETFs.
It is generally a good idea to make a financial plan before we invest our money. The plan helps us think long-term and know how to behave, which gives us a sense of greater confidence to make the right decisions.
What steps should we take before we start investing?
1. That our income is greater than our expenditure and we want to invest their difference.
2. Savings.
Long before we start investing, it is very important that we have more income than expenses each month, and save some amount – for example 10% at the beginning and 30% later.
Freedom offers a D-account, which allows us to keep our money at a 3% annual interest rate. Income is calculated and reported daily. This account is created automatically together with the main account.
3. Safety net
Once we have successfully completed the above two steps – retaining more revenue from expenses and saving a certain amount each month – it is essential to have a safety net that matches our quarterly to six-month income.
In this way, we feel safer during every life change and cover all extraordinary expenses.
4. Loan repayment
If and when we took out loans, then we repay the loans with the highest interest rates first, and then the ones with the lowest interest rates.
Start investing quickly and easily through Freedom Finance, which is controlled by the 3 largest body regulators CySEC, BaFin and SEC.
Osnove investiranja #3: Burza za početnike – šta moramo znati prije… (lonac.pro)
