Before looking over my suggestions, take a little time to come up with two or three issue you consider investing problems. What are the major questions you think about when it comes to money management. These can be problems you solved many years ago, but confronted when you first began an investment program. What problems have you hear from your friends or relatives? Take time to think before reading further.
Here are problems or issues I’ve heard, but I would like to hear from readers so they might be addressed on this educational investing blog.
- I don’t have a clue how to get started.
- I don’t have any money to invest.
- I’m too old to start.
- I’m afraid to invest in the stock market as it is too risky. It is a casino.
- How do I select individual stocks?
- Which broker should I use?
- What is the difference between a stock and a bond?
- What is an ETF?
- There are so many mutual funds, how do I choose?
- What is asset allocation and how do I decide how much to invest where?
- What do I do after opening an account at a broker?
- Should I use professional management and if so, how do I select a manager?
- Where do I go for investing advice?
This is anything but a complete list of questions beginning investors have when it comes to money management. Veteran investors frequently have these or similar questions.
What questions do you face when dealing with management of money? If you have answered your own questions, what advice would you pass on to younger investors?
Place your ideas in the Comment section below.