Determining Where You Will Invest
There are several different types of investments, and there are many factors in determining where you
should invest your funds.
Of course, determining where you will invest begins with researching the various available types of
investments, determining your risk tolerance, and determining your investment style – along with your
If you were going to purchase a new car, you would do quite a bit of research before making a final decision
and a purchase. You would never consider purchasing a car that you had not fully looked over and taken for
a test drive. Investing works much the same way.
You will of course learn as much about the investment as possible, and you would want to see how past
investors have done as well. It’s common sense!
Learning about the stock market and investments takes a lot of time… but it is time well spent. There are
numerous books and websites on the topic, and you can even take college level courses on the topic – which
is what stock brokers do. With access to the Internet, you can actually play the stock market – with fake
money – to get a feel for how it works.
You can make pretend investments, and see how they do. Do a search with any search engine for ‘Stock
Market Games’ or ‘Stock Market Simulations.’ This is a great way to start learning about investing in the
Other types of investments – outside of the stock market – do not have simulators. You must learn about
those types of investments the hard way – by reading.
As a potential investor, you should read anything you can get your hands on about investing…but start with
the beginning investment books and websites first. Otherwise, you will quickly find that you are lost.
Finally, speak with a financial planner. Tell them your goals, and ask them for their suggestions – this is
what they do! A good financial planner can easily help you determine where to invest your funds, and help
you set up a plan to reach all of your financial goals. Many will even teach you about investing along the
way – make sure you pay attention to what they are telling you!
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