Determining Where

Determining Where You Will Invest

DAVE TURKIN

Ten Articles to Assist the Young Investor

Over the last 4 years I developed a Mentors’ program along with a few of my business associates. On a personal note we are grateful to have experienced success in our businesses, investments and many of our entrepreneurial business ventures. Reaching out to young business minds and offering some words of encouragement and a focused strategy on how to develop and deliver your accessible business is something we all decided to give back to our community.

I have been asked by a few of my Mentees to discuss investment strategies for the young / new investor in today’s financial marketplace. Without going into a 200 page thesis about the strengths and pitfalls of Investing I thought I would just pass along some solid information to the new investor entering these financial markets

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 financial goals.

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 for ‘Stock Market Games’ or ‘Stock Market Simulations.’ This is a great way to start learning about investing in the stock market.

Other types of investments – outside of the stock market – do not have simulators. You must learn about those types of investments 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.

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! For More Information About dave turkin business loans