5 game-changing tips for new investors:
1. Take it slow. Take time to learn the basics of investing in securities.
2. Understand your financial objectives and risk tolerance. Take time to understand whether you’re using your capital for the long term or speculation.
3. Pay attention to macro-economic indicators. Having a sense of the bigger picture allows you to understand where it may be best to deploy your capital.
4. Keep cash on the side. Markets retract —having cash when there is a buying opportunity can be critical to your success.
5. Diversify your holdings in multiple stocks or sectors. This helps you reduce the risk that one stock tanks all your investments.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
