[Tendz]

As we all know, starting out in the world of investing can be quite nerve-racking, specially for newcomers. With so many options available, it can be difficult to determine where to begin. So, what are the simple investment strategies for newcomers?

[ptrikha21]

For a newcomer, often starting investing can be puzzling or even something that could make one nervous.
Often, many folks go by their friends' advice or just get influenced by something that is "trending" in news.
However, these are some of the ways that I would suggest :

1)Decide one's goals: Is it an aggressive money growth where one can go for some risk?
Is it to build up an emergency and conservative reserve?
Or a mix for both?
Plus how much one aims to make from investing.

2)In most countries, we now have either De-Materialized (Demat) or similar Trading account where one can trade electronically.
One needs to open such an account based on which one has good services, competitive charges and so on.

3)Once one opens such an account, keep aside some amount every month.
It could be a small amount but one needs to be consistent.

4)If one gets a big amount from somewhere, say a good salary hike or bonus or some other bonanza, one can put in extra money in the portfolio.

5)Open a Crypto Trading account but start with small amounts and build up.
There could be some losses on the way but do not panic and follow your plans.

6)Keep on reading, talking and learning- This always helps, even for the so called "Pros".

7)Beware of Investment advisors. Most would go by their self interest and could suggest something that could in fact not be as beneficial as compared to a self decision.

8)Take suggestions from YouTube channels, Instagram, Facebook etc. but do not blindly follow them.

Hopefully, these suggestions would help a newcomer.

[cinderella]

Have a list of different investment programs you are interested and rank those according to your interest and available fund. Pick out the top priority and take time to make research and learn about the program. It is important the we know other people's experience so that we won't be committing the same mistakes that they had.

[kataomoi]

For newbies, I would suggest getting an index fund. Something that tracks the overall stock market trend. Invest regularly. The stock market goes up over time so if you wait long enough, you have a very good chance of profiting. This is more suitable for passive investors though.

[augusta]

Yes it is good to always keep aside money for investment. it is a money multiplier but invest in things that are workable

[cinderella]

We should have short, medium and long term investments. Long term are those stocks with company which I could only withdraw once I decided to withdraw my membership or when I retire from service. I also have medium term in a form of Special savings with 5 years locked-in period and for short term, I have several cryptocurrency investments in various sites. I can withdraw these investments anytime.

[Tendz]

Having a diversified investment portfolio with short, medium, and long term options is wise. It provides flexibility and you can access your funds when needed while also building wealth gradually.

[cinderella]

I would like to highlight this investment lesson I learned from one of the richest and most influential person in the world, Warren Buffet. We need to learn how to manage our emotion. This is probably the best lesson we need to learn and apply if we want to be successful in life and career.

[augusta]

Yes, when it comes to investment we just have to keep sentiments away. We should not allow our emotions becloud our sense of reasoning

[cinderella]

The movement of prices alone can test our emotional stability and since we deal with online sites, the sites' performance too can contribute to our worries and all. Just like now, for several weeks, Freebitco.in is down and we cannot access it for hours. I experienced several downtime this past weeks.