Hello fellow Public investors.
It's been an interesting week for me. Between home & health life, home budgeting, watching the government house, senate, POTUS drama (worse than being forced to watch daytime soaps (yes, they still are around 🙄)). I have been kept watch over possible investments and reevaluating different positions.
Now I'm no financial expert, nor any guru by any means. Just my experiences throughout the years of what worked well & my downtrend failures I should have known better but took it as an education to "JUST SAY NO" to myself and move to better strategies.
I've seen many queries to where do I start, I don't know what is better or what company will do best. Do I day trade? What is swing trade and what is the difference? What platform is really best? What is a dividend? What is long-term? Smh...
Now I'm not going to put up links to what should be "YOUR" way to investing. That should be YOUR due diligence to research for yourselves, however, I can respond to questions for you to cosider.
1. How much "TIME" do you REALLY have to research to wise investing? Do you work 40 hrs? 5/6/7/8 days straight? Is work/home life hectic weekly? Kids? (have 6 grown & several grandbabies I can spoil, lol). Can you commit to 6hrs daily? 3hrs? 1hr at least? 5days a wk? 3days? 1 at least?
2. Are you looking for a long-term financial future to enjoy later or pass it to your loving heirs/heiresses, or, a quick fix to get a few bucks needed for the month-to-month grind?
3. Can you commit to investing weekly? Bi-weekly? Monthly? On a budget and not beyond your means?
There are more questions I'm sure. These are usually the first three most will only think one or two questions in mind.
Some just go in blind with hopes to get lucky, and very few do. However, most lose out on great possibilities only because they didn't research & learn, nor took the time to find out because of one of the first three real world questions never asked to explore.
For beginners, you don't need to invest in 5, 10, or even 20 companies with fractionals, nor, have 25 or more shares per company to start, whether you choose day/swing trading, or looking for long-term investing (no, you don't need to throw in half your paycheck or even big money/share at a time for results).
There have been some fantastic people here in the Public community who have, by experience, shared their successes, and yes, their mistakes.
@ctsshah , @financepillowtalk , @MakinBacon2021 , @Xander882214 , @sydward , @tcardizzle , not to mention the staff of Public itself, @willatf , @enzo , and others.
All are great resources to help get you started to where the first 3 questions above to answer. Use their experiences to further go into researching where, and what company, you want to build your financial future (hence the word "research" 😉).
A few of the fantastic folks mentioned above have their own YouTube channel, Instagram, and/or TikToks that educate, not tell you what to invest.
With I'm sure most people having a busy life as it is, if you can at least commit to ONE HOUR a day with a minimum 3 days a week, you've already started a good habit to investing (just my opinion, of course).
Note: Sorry for the very long rant. After seeing so many similar questions, I had to get it off my chest. 🙏✌️
#beginner #beginnerinvester #beginnerinfo
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