Everyone’s investing journey has to start somewhere.
No matter what age you are, it’s never too late to begin.
However, it may be a daunting task for new investors because of the steep learning curve.
The internet has enabled a wealth of information to be made available to everyone, and it can take time and effort to sift through it to find what’s relevant.
You need not fret, though.
Here are some basic steps to help you get started so that you can invest safely and profitably.
Diversify your investments
An important mantra in investing is not to put all your eggs in one basket.
There’s wisdom in that advice as a sudden, unexpected piece of bad news could cripple your portfolio should it be too concentrated in either one or a few stocks.
Investing is a probabilistic exercise with no certainties.
As such, it makes sense to spread your bets to minimise your risks....