Money Saving Guide for Beginner

Money Saving Guide for Beginner

Active investing

1.

More work, more risk, more potential reward – You do the investing yourself (or through a portfolio manager) – Lots of research – Potential for huge, life-changing returns

Passive investing

2.

More simplicity, more stability, more predictability – Hands-off approach – Moderate returns – Tax advantages

How much time do you want to put into investing your money?

For active investing you should have plenty times. Your time should be invested for skill , knowledge, desire.

How much money do you have to invest?

More invest is more risk and more risk results more profit or huge loss.  As a beginner you should not invest more.

How much financial risk are you willing to take?

As a beginner you should not take more risk. It may demotivate to invest further. Take that much risk, which won't affect you after loosing it.

Where you should invest your money?

There is no perfect answer. It depends on your goal (long term or short term), risk taking capability. You may invest in FD, mutual funds, penny stocks.

Where you should invest your money?

For example, if you have a relatively high risk tolerance, as well as the time and desire to research individual stocks that could be the best way to go.

Where you should invest your money?

If you have a low risk tolerance but want higher returns than you'd get from a savings account, bond investments (or bond funds) might be more appropriate.

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