FIRST TIME INVESTOR
Brand new to investing
Hey everyone, I’m brand new to investing and wondering if anyone has any advice for starting out and better understanding the investing world?
Ella Walker.
21 May 2024
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2 Comments
6 months ago
Hi Ella, and welcome!
I would say a few things:
— Do a little research on the most common investment options among the community and get started in a small way: https://pearler.com/explore/invest/shares
— It’s easy to become overwhelmed by the options, but try not to stress yourself out. There is not one right way to invest, and there are a lot of good options out there. So don’t feel the need to find the ‘best’ investment, it doesn’t exist :)
The following article might help you in figuring out your own style of investing: https://pearler.com/explore/learn/blog/invest...
And this article has a bunch of regrets/mistakes from the Pearler community: https://pearler.com/explore/learn/blog/invest...
Too many people get stuck in analysis paralysis, reading for months and months without taking any action.
If you focus on saving consistently, and choosing half-decent investments, that goes a very long way to long term success.
Hope that helps.
Dave
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