How to be involved in your investment strategy

August 23, 2013

Ah- investing. It may not be right for everyone to get their hands dirty and start playing around with stocks, but it is an option for some.

The problem with the markets right now is that most people think that they should leave their financial future in the hands of the experts. While I agree with that to a certain degree, I also feel that most people need to have access to their portfolios more often. Better yet, they need to get in there and play with trading stocks to get a feel of the markets, and more importantly, learn HOW TO INVEST.

Mutual funds are great for allowing you to have access to a variety of different options in one place. They are also relatively stable, too.  But if you go through an financial advisor, you don’t actually know what you’re investing in.

Investing on your own in single shares isn’t difficult at all. I mean the steps are generally pretty easy, but it does require a bit of research. Like all good things, you should start with Google. Google Finance is an excellent resource and has the information that you would need at your fingertips. Focus on areas of interest, or companies that are trending up. I would stay away from anything that is extremely volatile or has low institution investments.

Other than that, play around with different options over there. There are tons of sites that will allow you to invest directly. You just have to know where the company you want to invest in is listed. You can look to trade with anyoption as it’s the world’s biggest binary option trading environment.

One of the biggest things I would suggest before taking an of the steps above is figuring exactly what your risk tolerance is. This is to understanding how far you can push yourself and your investments.