Investment Tips and Advices For Novice Investors
Traversing new paths is always difficult- the terrain could be anywhere between rocky, bouncy, or life-endangering. In the world of investment, we can dub your journey as money filching and bankrupting. This must be your biggest nightmare and the most despicable end to your journey, and you want to take every measure to avoid such a doom. That means you will be eager to receive advice.
However, not all advice should be heeded and taken seriously. Some could spell an outright pitfall. Mentioned below are the four sources one seeks advice from.
1. Relatives and office companions
2. Websites and online blogs
3. Television program, news channels, and brokerage houses
4. Financial advisors
These sources are vast and can offer a lot of advice. However, there is no guarantee that all pieces of advice are equally sound. They might get away with offering fallible advice however, it is your precious money and life savings at stake.
Follow this checklist to ensure the advice you are getting is safe and fruitful, instead of misleading and distorted.
– Do they have an unscrupulous track record?
Before taking anybody’s word for their authenticity and reliability, closely inspect the background of the advice-giver. Does the person or platform delivering advice have an impressive track record with depicting market trends and stock fluctuations? If the advice-giver is not known, for example, on an online blog or a newspaper article from an unknown writer, beware of his advice and never follow it.
– Does their advice match their actions?
Whether it be a brokerage house or independent financial advisor, before taking their word to heart, figure whether they have invested in the same company they earnestly urging you to invest in. If they have not, do not follow their advice. If they do not trust this company for their own better interest, this advice is not in your better interest, too.
– Do they have a daily market update?
It is not only important to signal out the firms you choose to invest with, but it is also equally important that you have a thorough update on its daily activities on performance to know when to enter the market or sell the stock. Thus, only take advice from someone who has heightened interest and know-how of the company operations you are investing in and can also guide you about the stock market’s stock performance.
After all, the money you invest has been accumulated by you over years of hard labor and struggle, and you will hate to lose it due to bad advice.
More in Advisor
-
`
Streaming Giant Netflix Faces Yet Another Challenge
In the ever-evolving landscape of streaming entertainment, Netflix, once the unchallenged king of digital content, now faces a complex puzzle beyond...
December 1, 2023 -
`
Signs You Should Quit Your Current Job & Move On
You Don’t Feel Comfortable at Work Imagine spending the majority of your waking hours in a place where you feel uneasy,...
November 20, 2023 -
`
How to Adjust and Renew Your Portfolio
Investing in the financial world is like navigating an ever-changing landscape—constantly evolving, always shifting. The key to staying on track? Regularly...
November 18, 2023 -
`
Dr. Dre’s Divorce With Nicole Young: A Closer Look
When the beats of old-school hip-hop start bumping, Dr. Dre’s name reverberates in fans’ minds worldwide. Born as Andre Young, this...
November 12, 2023 -
`
Why Branded Content Is the Best Way to Connect With Your Audience
Have you ever found yourself deep in a compelling article or engrossed in a video series, only to later discover that...
November 5, 2023 -
`
Why the Gender Pay Gap Could Be Getting Worse | New Research Findings
At a time when women are making significant strides in various professional arenas, a new report throws light on a trend...
October 28, 2023 -
`
What Is a Bull Market and How Can Investors Benefit From One?
In finance, the term “bull market” is frequently used to describe a period of optimism, rising asset prices, and investor confidence....
October 19, 2023 -
`
A-List Power Couples Where the Women Make More Money
In an era of shifting gender roles and evolving definitions of success, it’s increasingly common to find celebrity couples where the...
October 15, 2023 -
`
Massive Price Cuts: Tesla Only Witnesses ‘Modest’ Sales Gain in China
Cutting Down Prices, But Not Cutting the Mustard? Summer 2023 brought with it a promise of sunshine and relaxation. For Tesla...
October 8, 2023
You must be logged in to post a comment Login