4 Ways to Learn The Basics Of Investing
4 Ways to Learn The Basics Of Investing
Do you feel overwhelmed when it comes to learning about investing? If so, you’re not alone. Many people are intimidated by the learning curve and the idea of putting money and resources towards something they don’t fully understand. Oftentimes, not knowing where to start can scare people away from taking any steps towards something that is one of the fastest ways to financial freedom.
If this sounds familiar to you, don’t worry. You don’t have to be an expert or constantly track the latest investment trends to achieve your financial goals. Financial freedom and successful investing is a journey. The fact that you’re reading this post is a step in the right direction. Our team at Southwestern Investment Group has walked alongside thousands of clients as they began their investing journey. Here are some important steps we encourage our clients to consider as they start to learn about investing.
1. Get Familiar with Investing Terms Everyone Should Know.
The financial planning world is full of jargon. Important terms like “index funds” and “cost basis” aren’t phrases you typically use every day. The good news is that you can learn to speak the language of investing over time. There are also “interpreters” who can help you learn. Our advisors are committed to teaching clients the important investing terms you should know based on your financial goals.
2. Gather Your Resources and Learn from the Experts
In today’s world, there is an abundance of financial resources available to you. Depending on your preference, there are thousands of investing books, financial advice podcasts, articles, or apps that can teach you the basics of investing. The important thing to remember when exploring these resources is to find an expert that aligns with your values and goals.
3. Understand the Basics of Investing
It’s important to learn the foundational principles or rules of the game before you begin to play. In football, you need to understand the basic blocking and tackling rules before you start planning to win a state title. The same goes for investing. There are some primary guidelines and principles you should consider as you start to learn. To help give you some confidence when it comes to investing, you can also read our team’s suggested do’s and don’ts for investing beginners.
4. Consider Your and Current Lifestyle and your Future Financial Goals.
Before you start investing and putting your money in the market, you need to understand where you are today and where you want to go. This is where creating an investment plan comes in. Taking time to understand your financial landscape will help you identify your specific goals and determine the areas of investing you should continue to explore.
As you begin to educate yourself and look for financial insights that will support your individual goals and needs, here are a few questions to ask yourself before investing.
Find a Financial Guide Who Can Help You Take the First Step
Starting your investing journey can be daunting, and that’s when it’s most helpful to work with an advisor to answer your questions. Wherever you are on your financial journey, now is the best time to take the first step. Southwestern Investment Group has experienced financial advisors who can answer your questions and guide you towards a plan to achieve your financial goals. Contact Southwestern Investment Group today to schedule a consultation!
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