Elements of investing

First steps to financial literacy

With the Covid-19 pandemic more people are spending more time at home. This has also led many people to try a little do-it-yourself investing. After, all opening an investment account is relatively easy, and almost every financial institution offers online do-it-yourself investing platforms. What’s not so easy is how to proceed with investment planning, so you don’t immediately lose what’s in your account. So here’s my list of 10 basic investment and money management principles that it’s important to learn before you sit down in front of that screen and start trading.

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Six rules for novice investors

I recently began volunteering with an organization called Girls Inc., one of whose valuable programs teaches teen girls the basics of investing and money management. By the end of the program, the girls will be competently managing a full-blown investment portfolio. Sadly, that’s something that most adults are unable to do. Most novice investors who come to me for advice have usually been burned badly by trying to trade penny stocks in an online brokerage account – something my teen protégés would never do. Here’s why.

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