November 26, 2020

Here are some things to consider before investing. (Long caption but worth it!)⁠…


Here are some things to consider before investing. (Long caption but worth it!)⁠

Debt – often see people investing while in debt but just know that your gains are being offset by the interests on your debt.⁠

Knowledge – okay so, you don’t need to know exactly how to analyze a stock to start investing but just know your basics. (What’s the stock market, how is money made, etc.)⁠

Risk – knowing how much risk you can tolerate can dictate what types of investments you should consider.⁠

E-fund – You need one! Can’t take money out from your investments to cover an emergency because it might force you to lose money if your investments are down.⁠

Emotions – commonly new investors quit because their emotions make them fear a market crash and they cash out at the worst times.⁠

Diversify – I’ll just put it like this: Don’t put all your eggs in one basket, you lose that basket, you lose all your eggs.⁠

What would you add to this list?⁠

Let’s discuss in the comments. 💬⁠

Follow @spacecitymoney for more 🚀⁠
Follow @spacecitymoney for more 🚀⁠
Follow @spacecitymoney for more 🚀⁠

Share with a friend! 👩‍💼👨‍💼⁠

⚠️ I am not a financial advisor, the information provided is for educational and/or entertainment purposes only. ⚠️⁠

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