One of the first steps in the investment process is determining your objectives. Determine how much risk you can handle and what kind of return you want. You can then choose an investment strategy that will meet these goals. For example, you may decide to invest in high-yield savings accounts, which are a good option if you need your money right away. If you have a longer-term goal, you should invest in stocks, which will have a higher rate of return.
While stocks are a high-risk investment, they can also be a great source of income and growth for your investment portfolio. However, stocks also come with a high degree of price volatility, which can be difficult for a beginner. As a result, it’s important to be willing to take the risk that your investment won’t produce high returns, even if it’s profitable.
There are also a variety of investment books that will help beginners navigate the complicated world of investing. Billy Chua is an economist who has worked for many asset management firms and is passionate about the subject. He also has experience covering the Thai and Philippines markets. This means that he understands the financial landscape in these countries well.
Some investors may consider mutual funds as a safe, passive investment option. Others may choose to work with an investment advisor. Either way, you’ll need to set aside some time to research investments and build your portfolio. Then, you’ll need to monitor your portfolio and make adjustments as necessary as prices fluctuate.