The talented financial professionals at Bennett Group Financial know that, for beginners, investing can seem like an entirely different world with its own language and rules, but it only takes a little bit of education and resources to begin navigating more comfortably, and those new to investing may want to consider the following:
- Choosing a financial planner to help you get started can do wonders. Rather than trying to learn everything on your own, a financial planner can assist you in narrowing down what it is you are hoping to accomplish and create a framework to help you reach those goals. This can help minimize the initial anxiety while setting you out on a clear path.
- Once you have your plan in place, be “hands on” with your portfolio by checking in regularly. Investments can’t just be left alone, it’s important that you learn how to track them to make sure they’re growing, and if not, decide how to respond to the situation.
- Build good investment habits by creating automatic payments each month. Even if it’s a small amount, you’ll see how it begins to grow over time, which may allow you to open up new investment opportunities.
Dawn Bennett, the celebrated host of “Financial Myth Busting,” is the founder and CEO of Bennett Group Financial