Beginners enter the investment market with a good plan usually, but then they succumb to greed or fear and make the wrong decisions.
Financial market is kind of complex. Therefore, understanding it fully before investing is extremely important. If “it’s too good to be true,” one must also assess the “moat.”
Investors must always have control of their mind. Most of the time, they panic and make wrong decisions. Urgency and pressure force them into taking misleading paths. Therefore, one must spend time researching and deciding.
All the beginners need to do is to have correct and complete financial knowledge before stepping into this realm.
Also Read: What Is Carbon Taxation, As Suggested By The COP28?
Here are 5 golden rules every rookie must know before they start investing:
Be a patient and a resilient investor, and you will get the returns you desire. All the best!
Image Credits: Google Images
Feature image designed by Saudamini Seth
Sources: Bank Bazaar, The Telegraph, The Times
Find the blogger: Unusha Ahmad
This post is tagged under: investment, noob, investor, beginner guide, rookie, 5 tips, financial market, invest
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