But now that we're all personally responsible for our retirement (401k plans, etc.), there's much more at stake with much less room for error. And with that in mind, it's now easier than ever to get into investing...all you need to do is download an app on your phone in some cases.
So investing 101 needs to change. It needs to expand and cover the process of investing and how you can use that process to create long-term financial success.
After a few years of investing, I realized losing money is easy, whether you're a beginner or an expert. It doesn't take any special know-how. And THAT is where safe investing 101 begins!
Just in case you ARE new to the world of personal finance, investing, and money management:
Welcome!This page is the perfect place to start your journey through my site. Hopefully, you'll be surprised, and see just how much information isn't covered by other "investing" sites.
Note: You can always find your own way around the evergreen content on Invest-Safely.com by browsing the sitemap.
Safe investing is NOT a "get rich quick" process. If you're making money hand over fist in the markets, congratulations! Enjoy it while it lasts. Based on social medial you may think otherwise, but no one makes money on every trade. Everyone has trades and/or investments that move against them and lose money now and then. The key is not losing too much when it happens (and it will happen).
Safe investing is NOT risk-free investing. There's no such thing as a risk-free investment. But there are ways to limit the risk of any investment.
Safe investing is NOT predicting the future. We can't predict...we can only prepare. So let's prepare to lose less when we're wrong and make more when we're right.
Safe investing is NOT rocket science. You don't need special training to practice safe investing. All you need is the desire to take control of your finances, and some effort.
As mentioned on the home page, safe investing is a decision making process; no more, no less. Decision making requires more than just data and information; you need knowledge and understanding of that data and information.
For example, it's not just a number, like how much money you have to invest. It's knowing how to allocate your money across investments so that 1 mistake doesn't wipe you out. And understanding out investments influence your personal finances...both today and tomorrow.
That's where this is focused; sharing the knowledge and lessons learned so that you can make better decisions...educated decisions related to your finances and your investments.
Let's take a look at some of the different factors you'll need to consider.