Investment Tips for Beginners (1270)

Thinking about making your first investment? The following are ten tips for the beginner investor:

- Determine your investment goals and their priority.

- Diversify to reduce investment risk.

- Establish a solid financial base before starting to invest (e.g., insurance policies, emergency fund).

- Gear investment to your situation, both financial and personal.

- Match investments with your risk tolerance level.

- Adopt an investment strategy (e.g., long-term growth).

- Stay flexible and adapt to changes in your situation and in the economy.

- “Automate” your investments through payroll deduction (e.g., 401(k) plans).

- Invest a regular amount (e.g., $50) at a regular interval (e.g., monthly).

- Never invest in anything you don’t understand or feel comfortable with. Make the time to educate yourself.

Don’t try to use someone else’s investment plan and expect it to work for you. Be realistic, and consider all your available investment options. Plan for and develop your own personal investment plan.

For more information on this subject, Please visit the College of Agricultural Sciences Publications Web site.

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