Today, the economy more than for the last 50 years has everyone wondering what to do with their money to ensure a secure future. Whose future will be a comfortable one and whose a struggling one?
When you get right down to it, the difference between the floaters and the scramblers lies in their ability to identify the best way to capitalize on their financial assets, set realistic long-term goals and establish investments that are going to help them make those long-term goals into reality. They're going to need to be able to track various trends in the market and predict where the dips and bumps are going to come along that will influence their investments.
In other words, the strugglers need to master some basic principals of investing.
Stock trading is what comes to most people's minds when the subject of investing arises, so that is the example this article is going to dwell upon when it comes to learning from step one how to invest. The same educational program that teaches basics about stock trading also pertains to any investment situation from real estate to antiques to breeding prize English bulldogs.
It is true, those investments are all alike. Let's see how.
1) Look for a program that's run by real people with real experience. The most important thing you can do for yourself when you're trying to choose a learning program is to pick one that's not run by educators. Seriously. It's okay to learn basic geometry from a teacher, but when you're trying to learn something as specialized as stock training what you actually want is someone who's already been knee-deep in the grittier aspects of the industry. They'll be able to teach using a little less theory and a little more reality, and when you get right down to it that's what you really want to learn anyway.
2) Select a program that hooks you up with a mentor. No matter how much theory you learn along the way, and you will be learning plenty, you will have a thousand questions. There will always be something more to learn. You need someone to learn from. The program you decide upon then, must connect you with a mentor for your continuing long-term education.
3) If you are not an expert, start at ground zero. This is a golden principal I learned in college when faced with the opportunity to test out of a class where I had so much experience in the subject, I could have taught the class myself. What happened was that the testing process to opt out was so time-consuming and expensive that I wound up taking the class. I was awestruck by how much I learned from that elementary class of which I knew everything already. The moral of the story is if you think you know everything about the subject of the class, take it anyway. You are sure to learn something new.
Believe me, your pride will get over it. Your wallet will love you.
When you get right down to it, the difference between the floaters and the scramblers lies in their ability to identify the best way to capitalize on their financial assets, set realistic long-term goals and establish investments that are going to help them make those long-term goals into reality. They're going to need to be able to track various trends in the market and predict where the dips and bumps are going to come along that will influence their investments.
In other words, the strugglers need to master some basic principals of investing.
Stock trading is what comes to most people's minds when the subject of investing arises, so that is the example this article is going to dwell upon when it comes to learning from step one how to invest. The same educational program that teaches basics about stock trading also pertains to any investment situation from real estate to antiques to breeding prize English bulldogs.
It is true, those investments are all alike. Let's see how.
1) Look for a program that's run by real people with real experience. The most important thing you can do for yourself when you're trying to choose a learning program is to pick one that's not run by educators. Seriously. It's okay to learn basic geometry from a teacher, but when you're trying to learn something as specialized as stock training what you actually want is someone who's already been knee-deep in the grittier aspects of the industry. They'll be able to teach using a little less theory and a little more reality, and when you get right down to it that's what you really want to learn anyway.
2) Select a program that hooks you up with a mentor. No matter how much theory you learn along the way, and you will be learning plenty, you will have a thousand questions. There will always be something more to learn. You need someone to learn from. The program you decide upon then, must connect you with a mentor for your continuing long-term education.
3) If you are not an expert, start at ground zero. This is a golden principal I learned in college when faced with the opportunity to test out of a class where I had so much experience in the subject, I could have taught the class myself. What happened was that the testing process to opt out was so time-consuming and expensive that I wound up taking the class. I was awestruck by how much I learned from that elementary class of which I knew everything already. The moral of the story is if you think you know everything about the subject of the class, take it anyway. You are sure to learn something new.
Believe me, your pride will get over it. Your wallet will love you.
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If you appreciated the preceding article, it is possible to go look at additional related posts at Compound Stock Earnings or this Compound Stock Earnings Post.
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