• Home
  • Business
  • Finance
WEALTHUSER: Helping blog for finance managers
  • Home
  • Business
  • Finance
  • Insurance
  • Investment
  • Contact us
No Result
View All Result
  • Home
  • Business
  • Finance
  • Insurance
  • Investment
  • Contact us
No Result
View All Result
WEALTHUSER: Helping blog for finance managers
No Result
View All Result

Investing 101: Before You Start Investing Money

by wealthuser
August 12, 2017
in Investment
0
Investing 101: Before You Start Investing Money
0
SHARES
151
VIEWS
Share on FacebookShare on Twitter

Doesn’t it make sense to learn to invest (some basics) before you start investing money for real? Maybe a course called investing 101 or personal investing would be helpful. Here this retired financial planner relates a story, and then points the new investor in the right direction so he or she does not start investing uninformed.

In the dean’s office of one of the largest universities in America, I recently asked if they offered investing 101, personal investing, or any finance course where the student could learn to invest. “After all, we all need to start investing money someday, and it is much to one’s advantage to be informed vs. uninformed, isn’t it?” That was my response when told, “no, or at least I can’t find one” by the dean. I was informed that they had well over 50,000 current students enrolled and offered THOUSANDS of courses in the various colleges throughout the university. But he could find no course under the heading of personal investing or investing 101, and he was in charge of the curriculum.

We spent about an hour together searching and were both laughing out loud at what WAS offered. How about a course in “the art of falling down”? It’s offered. Investing 101? Which college in the university would offer such a course? “The athletic department is real big here; maybe they could help”, I suggested. After all, professional football players make big money. They need to learn to invest money (in case their career is short) and should start investing early. I knew a few players when I was a financial planner, but like most folks they tend to procrastinate when the money is flowing in. They’re too busy earning it, and don’t have the time to learn to invest.

The truth of the matter is that I don’t find it funny that it’s difficult to find a down-to earth practical course that most people could truly benefit from, because as a new investor you need to learn to invest money before you start investing for retirement or any other financial goal. As a new investor you may not be able to find a financial planner you can work with or afford. Even if you found one, do you really want to start investing money with him or her without first getting your feet wet in the basics of personal investing? Let’s start at the beginning.

Before you get into financial concepts like asset allocation and strategy, you should first learn the very basics: investment characteristics. How can you compare various alternatives to determine which best suit your needs, financial goals and comfort level? In other words, you need to decide what you are really looking for. And you need a list of factors to consider before you start investing money. For example, do you have a long term goal like retirement, and are you willing to accept a moderate level of risk? If so, there are numerous investment alternatives to consider, and you can also get tax breaks.

On the other hand, if you have a shorter term financial goal and might need access to your money at a moment’s notice, that’s a totally different picture. You need to match your financial wants and needs to the various alternatives that have characteristics best suited to your personal investing goals. There is no single best choice for every financial goal. It’s a matter of give and take. I have a list of 5 factors you must consider and a few other things you should consider before making a decision. This is basic investing 101. Whether you are a new investor or you’ve been at it for a while and have never really taken the time to learn to invest – you should learn the basics.

This is the first in a series of investing 101 articles I plan to write. In my next article I plan to put my list of characteristics you need to consider before you start investing money in black and white. Don’t feel bad if you are an uniformed new investor (or a want to-be). Do something and learn to invest starting with the basics.

Once you have a handle on a few basic financial concepts you can start investing with confidence. Once you learn to invest you can reach your financial goals. If you think I’m trying to build your confidence, you are right. Stay tuned to investing 101 as we get back to basics. No offense to anyone at one of THE largest universities in the country, but there’s a void out there and I plan to fill it.

Previous Post

A New Way to Invest in Property

Next Post

Avoid These Six Common Life Insurance Mistakes

Related Posts

A New Way to Invest in Property
Investment

A New Way to Invest in Property

July 21, 2017
Developing a Plan: The Basis of Successful Investing
Investment

Developing a Plan: The Basis of Successful Investing

July 15, 2017
Questions First Time Investors Should Ask Before Investing
Investment

Questions First Time Investors Should Ask Before Investing

February 12, 2017
The Best Investment Options For the New Investor
Investment

The Best Investment Options For the New Investor

January 6, 2017
Next Post
Avoid These Six Common Life Insurance Mistakes

Avoid These Six Common Life Insurance Mistakes

Please login to join discussion
No Result
View All Result

Recent Posts

  • SOME ESSENTIAL FINANCIAL TIPS CRUCIAL FOR COLLEGE GRADUATES
  • Discover Everything Associated with Vacant Property Loans Right here
  • Understanding and Saving on Alberta Car Insurance
  • Small Business Health Insurance – The Best Policy Is A Great Agent
  • Car Title Loans: Choosing the Right Financial Service

Recent Comments

    Archives

    • October 2018
    • March 2018
    • January 2018
    • November 2017
    • October 2017
    • August 2017
    • July 2017
    • June 2017
    • April 2017
    • February 2017
    • January 2017

    Categories

    • Business
    • Finance
    • Insurance
    • Investment
    • Loan
    • Real Estate

    Meta

    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org

    About Me

    WEALTHUSER: Helping blog for finance managers

    Finding car insurance can be a difficult and stressful process, especially for those who don't have much experience when it...

    Business

    • All
    • Business
    SOME ESSENTIAL FINANCIAL TIPS CRUCIAL FOR COLLEGE GRADUATES

    SOME ESSENTIAL FINANCIAL TIPS CRUCIAL FOR COLLEGE GRADUATES

    by wealthuser
    October 18, 2018
    0

    Soon, there will be a transition from state in life and status for many college graduates. This is a translation...

    Discover Everything Associated with Vacant Property Loans Right here

    Discover Everything Associated with Vacant Property Loans Right here

    by wealthuser
    March 15, 2018
    0

    Some people would rather buy the vacant prevent of property released easily obtainable in new real estate estates or even...

    Understanding and Saving on Alberta Car Insurance

    Understanding and Saving on Alberta Car Insurance

    by wealthuser
    January 4, 2018
    0

    Finding car insurance can be a difficult and stressful process, especially for those who don't have much experience when it...

    Loan

    • All
    • Loan
    SOME ESSENTIAL FINANCIAL TIPS CRUCIAL FOR COLLEGE GRADUATES
    Finance

    SOME ESSENTIAL FINANCIAL TIPS CRUCIAL FOR COLLEGE GRADUATES

    by wealthuser
    October 18, 2018
    0

    Soon, there will be a transition from state in life and status for many college graduates. This is a translation...

    Read more
    • Home
    • Business
    • Finance
    • Insurance
    • Investment
    • Contact us

    © 2018 Wealthuser - Premium WordPress news & magazine theme by wealthuser.

    No Result
    View All Result

    © 2018 Wealthuser - Premium WordPress news & magazine theme by wealthuser.