Top Tips For New Investors
Figuring out where to start when it comes to investing can be daunting. Here are some tips on what to consider if you’re a first time investor!
SAVVY Top Tips
START WITH A PLAN:
Determine your investment goals, risk tolerance, and time horizon before you start investing. This will help you make informed investment decisions and stay focused on your objectives.
Learn as much as you can about investing, including different asset classes, investment vehicles, and strategies. This will help you make informed investment decisions and avoid costly mistakes.
DIVERSIFY YOUR PORTFOLIO:
Spread your investments across different asset classes, sectors, and geographic regions to reduce your risk and increase your potential for returns.
Begin with a small amount of money that you can afford to lose, and gradually increase your investments as you gain experience and confidence.
Avoid making emotional decisions based on short-term market fluctuations. Stick to your investment plan and be patient, as investing is a long-term game.
REVIEW AND ADJUST YOUR PORTFOLIO:
Regularly review your portfolio and make adjustments as needed to ensure that it remains aligned with your investment goals and risk tolerance.
CONSIDER PASSIVE INVESTING:
Passive investing involves investing in index funds or ETFs that track a broad market index. At Savvy, we’re building a platform that will align your investment goals with the Sustainable Development Goals as set out by the UN. We hope to connect users to investment funds that have a positive impact on the environment. This approach can help you achieve diversification and potentially earn higher returns than individual stock picking, while also investing in a sustainable future.
Remember, investing involves risk, and there are no guarantees of returns. However, by following these tips and remaining disciplined, you can increase your chances of achieving your investment goals.