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As it turns out however, many of these investors will be unsuccessful in their efforts.
to invest, you do need some level of education and skill.
There is really no such thing as a "sure bet" in investing, there is always a risk of losing all of your money.
Before buying stocks, it's always best to learn to invest by using the many tools at your fingertips today.
it's also important however to determine what your investing goals are.
What is the reason you are deciding to invest? What are you saving or investing for? Is it retirement, college, a new home? Prior to putting a dime into any investment, take some time to consider what exactly you want to achieve financially with your investing.
choose not just a goal, but also a target in terms of how much you want your investments to grow over time.
This will be the basis for your investing decisions as you go.
Far too frequently, investors have get rich quick dreams.
This lottery mentality can be harmful, as the reality is that such quick hits are very rare, and usually accidental.
So avoid getting started by planning to make a killing in the market overnight.
A safer bet will be to invest your money in vehicles that will match your true risk tolerance, and which will grow over time, with ups and downs along the way.
eventually you will reach your goal of retirement or funding a college education.
There are of course high-risk, high yield investments, but if you intend to go this direction, be sure you understand the pros and cons of these before your buy.
Start an account with a broker that offers resources like expert opinion and advice, news about current market trends, and educational resources to learn about stocks, bonds, options and the like.
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