Welcome back. Today I’m going to share with you the tip number 1 of 5 tips to prepare yourself for investment risk.
Tip number 1 : Learn, learn and learn
Okay, my first tip is learn - learn how to invest. Investing is a professional skills, its involved a lot of things such as banks, funds, stocks, insurance, real estate and so much more. To be a pro investor, you need
- 1. A lot of knowledge in finance such as investment strategies.
2. Get yourself familiar with the finance tools such as how stocks market works.
3. Have the ability to gather all the finance news and keep in touch with the market trend
There are a lot of things you must control and learn in investing. So my personal advice is KEEP LEARNING. We have no choice but have to keep learning. Below are some of tips that I use everyday to learn investing:
-
1. Go to local library and read some book. I like this since the book there is FREE.
2. Buy some books and magazines. Every month I will try to make myself read at least 1 book on investing or personal finance. I also subscribe to finance magazine, such as Kiplinger.
3. Surf internet. Internet is the biggest library in the world and most of the information is free too. All you have to pay is internet fees and some of the electric fees. \r\n4. Read My Blog! Forgive me if you feel that I’m trying to push my blog. But it is true, now everyday I read a lot of blogs on investing. Most of them are sharing their own experience and knowledge everyday. By reading their blog, I really learn a lot.
PS: If you have any new suggestion, you are always welcome to give comment on this to add more tips.
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[...] 70 - Invest to Financial Freedom - 5 Tips to prepare yourself for Risk? Tips 4 January 26, 2006 | Invest To Financial Freedom, 5 Tips to Prepare Yourself For Investment Risk | 5 Tips to Prepare Yourself For Investment Risk, Financial Freedom, Investing, Invest To Financial Freedom, Risk Control, TipsWelcome back. Today I????m going to share with you the tip number 4 of 5 tips to prepare yourself for investment risk. Here is the tip number 1, number 2 and number 3. [...]