Wafaa, I’m just trying to get all this stuff figured out,” my friend Sara told me. She’s just starting out in investing.
“I’m paralyzed,” she said. “I don’t know what to do. I’m reading everything… But I’m not actually doing anything with my money.”
“Sara, you’re doing the right thing,” I said. “Learning first – and not doing anything stupid with your money – is exactly the right thing to do.”
Sara is not alone…
I’m sure many of you in a similar situation.
So, I’m going to cover some of the important basics of successful investing.
These are helpful for both beginning and seasoned investors… They’re a great reminder about the most important things to understand when it comes to the market.
1. You aren’t going to get rich overnight through investing.
A proper investment is one that has at least a five-year horizon.
Said another way…
Any investment that can double your money in a month is likely risky.
You could lose all your money just as quickly.
If you don’t adjust your thinking in line with this, chances are you’ll end up losing a lot of money.
Ignore what’s happening right now.
The market moves today are not relevant to your long-term goals.
People who want the daily excitement of winning or losing end up gambling and that’s a sure way to lose money.
2. Don’t invest in something you don’t understand.
One of the fastest ways to lose money is to put your funds into something you don’t really understand.
It’s easy to get dazzled by promises of big profits.
It’s even easier to get sucked in when the promises are accompanied by slick brochures and fast talk with a lot of words that you don’t understand.
If you don’t understand how you’ll make money on the investment, and you can’t point out your risks, you are not ready for that investment.
3. Don’t put all your eggs in one basket.
Don’t put your entire net worth in one property.
And make sure you spread your stock holdings around as well by first investing in funds that hold a bunch of stocks.
4. History repeats – or at least it rhymes.
It’s amazing how investors never learn that history repeats. The 2007-2008 bust in property prices is a good example.
In 2006, people thought property prices could never go down.
Two years later, people thought property prices can never go up.
5. Nobody will care more about your finances than you.
This is critical for you to embrace, immediately.
Nobody is going to care more about your finances than you.
You can’t just find somebody smart and hand your money responsibilities off to them.
You can’t just hand off your life and hope it goes OK – this is your life we’re talking about!
The quicker you take ultimate responsibility for your money, the quicker you will start building your fortune.
And you can’t ever give up that responsibility.
It is all right to work with smart people, and to delegate some of your money responsibilities to carefully chosen people. The important part is, you just can’t “check out.” You have to be the team captain here, the captain of your money.
Also, if you’re interested in learning more about investing in the stock market and want to be successful investor, then you should check out my FREE EBOOK that features the top books every investor should read.
And if you are ready to take the first step, and invest in yourself, enroll in my course “Investing For Beginners: How To Invest With Confidence” HERE.
What others said about the course?
Dr. Wafaa has shared her personal knowledge and expertise and provided the necessary information to start the investing journey based on a solid foundation. Her style in teaching made it very easy to grasp the concepts and understand the information being provided.
The course contains excellent information and working tips that you can use in building your confidence as an investor. The workbooks provided during the course are a very helpful tool and will continue to be a great handy reference for future use. I am really grateful to Dr. Wafaa for this excellent course and I highly recommend it to everyone. It is really worth the investment paid for it.
Mohammad Adnan Taibeh, Head of Economic Optimization
The Course was a very informative, suitable for people who just started out or willing to start investing in the US Stock Market. The course covers a lot of investment principles and how to manage your risk. I would recommend people who would want to learn about the stock markets and finance in general and also people already have knowledge on this field.
Abdallah Al Alban, Financial Researcher
The course is very professional in the true sense. The course content was distinctive, smooth, and at the same time rich in important and updated information. Starting from explaining the simplest steps that help any beginner to go through the experience with confidence, passing through daily updates of the most important tools and sites that can be used. I highly command the course, it includes everything you need to start your investing journey. I would really regret it if I missed the course!
Abdallah Al-Ansary, Language and development trainer
I would like to share my opinion and let you know about the course that I do really benefited and learned the basics of investing. I’m glad I decided to take it with Dr. Wafaa specifically for the simplicity of that course and how she made it so easy. It’s really great how you feel excited and confident when you learn about investing before you start. You will learn how to start investing with confidence and manage your investments. I am thankful for the efforts.
Khuloud Al-Amer, Internal Auditor
This course gave me the confidence to take this step on my investing Journey. It was the missing piece in the puzzle for me. It had all of what I needed as a beginner, and the best thing about it is that it literally starts you off from scratch, it builds the theory of investing in your mind without prior knowledge required. This course completely changed the way I view investing. It taught me a lot of stuff, from what type of investor I am to invest correctly. It’s incredible how this course helped build my confidence as an investor. I’ll always remember this course as my stepping-stone towards investing, and hopefully a stepping-stone towards success.
The course was simple, yet powerful. It provided me with just the required information to make informed decisions. The application of the content was very easy to navigate. Dr. Wafaa craftily made the sections in bite sizes so it was manageable content and could be finished at my pace. I was exceptionally pleased with the course. I definitely would recommend this to others!
Shirley Marshall Sullivan,
So, take that first step and start your investment journey HERE.