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17.08.2021

10 Short Best Investing Tips For People Who Don't Follow the Market

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Nadia Khan DipPFS Cert CII (MP), Fairstone Financial Management LTD Financial Adviser

10 Short Best Investing Tips For People Who…

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  1. Set an investing budget
  • Before you decide what to invest in, you need to decide how much you can afford to invest.
  • Try to build a six-month emergency fund that you keep in a bank account or savings account. This will help you avoid losing money because you won't have to sell investments when they're down if you encounter an unexpected expense.
  1. Invest regularly a little bit at a time
  • One secret of successful investors: They invest no matter what the stock market is doing, using a practice called dollar-cost averaging. That means you commit to investing a certain amount at regular intervals.
  • Sometimes you'll invest when the market is up, and sometimes you'll invest when it's down. But you can reduce your overall investment costs because you lock in some of those low prices.
  1. Accept some risk
  • Whether you just don't care about the stock market or watching it sends you into a panic, investing in stocks is the only way to achieve the growth that will build a nest egg. Bonds are safer than stocks, but low risk comes with low returns, especially given today's rock-bottom interest rates.
  1. Invest in Index funds
  • A Index Fund is one of the most surefire ways to build wealth. Rather than cherry-picking stocks, An index fund is a low-cost investing vehicle that automatically tracks the returns from a particular group of investments.
  1. Keep your expense ratio low
  • To find out if you're overpaying for fees, look at the expense ratio for the funds you choose. Anything under 0.1% is good. A 0.1% expense ratio means just £1 of a £1,000 investment is going toward investment fees.
  1. Avoid individual stocks if you don't want to do research
  • Individual stocks can help you earn even better returns than Index funds. But avoid picking stocks unless you're actually willing to research them. If you chase big returns by investing in the latest hot stock, you're likely to overpay.
  1. Get started as early as possible
  • Investing in your 20s is challenging because these typically aren't your high-earning years. But making the sacrifice to invest early will have big rewards. If you invest £500 a month and earn 8% annual returns starting at 30, you'll have £745,000 by the time you're 60.
  • But if you start at 25, you'll have nearly £1.15 million by 60. That doesn't mean it's too late if you didn't get started early on. But the longer you wait, the more you'll need to invest.
  1. Keep a long-term perspective
  • You may hear a lot about short-term stock market performance, but investing isn't about making money tomorrow or next year. Only invest if you're willing to let it grow for five years or more. If you need the money sooner, it doesn't belong in the stock market.
  1. Don't start following the stock market just because it crashed
  • The worst time to start obsessively following the stock market is right after it's crashed -- that is, unless you're taking that long-term perspective and looking at it as an opportunity.
  1. Look around you for investment ideas
  • You may decide eventually that you do want to learn more about the stock market. Start by following a few companies that offer products and services you like. Read up on the companies to learn more about their competitive advantages, what analysts have to say about them, and how they make money.
  • Finance
  • stock market
  • investing
  • savings
poster-image
Nadia Khan DipPFS Cert CII (MP) Fairstone Financial Management LTD Financial Adviser

I am an Independent Financial and Mortgage Adviser and have worked in Financial Services for over 12 years. During my career I gained experience in assisting both individual and corporate clients.…
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