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Brand new to investing
First-time investor
Hey everyone, I’m brand new to investing and wondering if anyone has any advice for starting out and better understanding the investing world?
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Ella Walker
Asked on 21 May 2024
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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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Girls that invest is a great read (regardless of your gender!)
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