Investing is an art where your job as an investor is to put it in the right place so that it generates high returns The first of all you need to know two things before to start investing
Number One: At the first steps maybe you will to lose some money and you shouldn´t to take as a defeat
Number Two: Constant learning will be the most important habit to develop in order to know what to invest in at the right time trying to obtain the greatest possible profit.
1.- Eliminate all your debts
This is the most important step when starting to invest because if you start investing and you have debts with high interest rates it will definitely not be profitable for you to invest since the interest on your debts will be higher than your earnings.
2.- Set an investment goal
Once we are free of debt the next step will be establish a monthly goal to save money and later invest it. No matter how much money you start to save the most important is to start
Even if you can only save 100 or 200 MXM a month, It will be enough to start to investing.
3.- Find an investment fund
There are different types of investment funds, you can invest in goverment bonds, Stocks or ETF´s and maybe you are wondering "What is the difference between these investment funds?" Don´t worry, then I will explain the great difference that one has from the other.
Goverment Bonds: If you decide to invest in goverment funds, in a few words, you will lending money to the goverment with guarantee that they will pay you interest for that money invested. It is one of the safest investments that exist since the money that is invested is backed by the goverment.
An ETF´S is similar to investing in shares but much more interesting, since with a lower price you can buy shares of differents companies therefore there is less risk than investing in shares. It is also important to clarify that by investing in this way you own an small part of those shares of companies.
Comments
Post a Comment