We all want it somedayinvest in a good.
Be it for the first real investment of our life.
Or in a category we don’t yet know properly.
Photo copyright: astrid westvang.
And when is it for the first time we are afraid of making mistakes …
Before acting it is therefore important to have everything cards in hand.
Don’t give in to haste or procrastination.
Cut your project to invest better
Whatever happens, this urge to invest must be part of a larger project.
Typically yours asset allocation is the best example.
So you are sure that you are not making a choice against your strategy.
The phases of this project can be divided into three stages.
Correspond to life cycle of your investment.
In each of them you will have specific questions and visions.
You will then have to stay constant with respect to your strategy.
Consequently, you shouldn’t invest out of spite or obligation.
But see you soon belief and after carefully analyzing the situation.
Your approach really needs to be framed especially because it is first time.
Then with experience things will happen more naturally and quickly.
How you earn efficiency It’s inside trust yourself 🙂
Before: Think before you invest
This is where we ask ourselves most of the questions.
We also have the best chance of be influenced from a seller …
Because without the knowledge of the subject it is difficult Be part of it.
And even with a sharp and critical mind it’s not always easy.
It is therefore necessary to take the time for do some research Before’invest.
With the Internet it is now easy to find information quickly and easily.
Photo copyright: Elena Taylor.
Be careful, however, not to take everything you read as truth.
It is not uncommon to find one thing and its opposite, especially on forums.
Give preference to state sites like the tax office or service-public.fr on investments For instance.
And sites you notice that may have mentioned the topic you are interested in.
You can also find interesting books to guide you.
Not forgetting quality blogs like yours really 😉
There are also some forums that may be relevant depending on the area you are looking for.
With the information you have gathered, you will therefore be better armed.
For understand how to invest for the first time in the asset that interests you.
But also to learn it operative mode and its features.
You will be able to know its strengths and weaknesses.
What will allow you to verify that you are going to invest in something that suits you.
During: act for the first time
Thanks to the knowledge gained, this step will also be easier.
In the previous step you have validated that the asset class and type are right for you.
Now you will be able Choose quickly and actually in which product to invest.
If you have well documented this choice will be made without too much difficulty.
What it will reduce your stress investing for the first time in what you don’t know.
Because you will have it knowledge of your subject and you will choose consciously.
It will be the same for the next time you want to invest in this type of asset.
In fact, the hardest thing is to start over because if you have succeeded once you will succeed again …
more Experience it will help you to be more efficient better choose your investments.
The hardest part of this stage is undoubtedly the selection “good product.
In fact, you won’t have too much trouble choosing what type of asset you want.
So within this category choose a subset that will interest you.
It is then that things will get complicated because it will be necessary make comparisons.
In order for them to be relevant, you need to be well documented (previous part).
Thanks to this you can then make a “short-list” of the 3 best products for you.
Therefore select the best or the 2 best depending on the money you can invest.
When you are sure you have chosen the right horse, all you need to do is throw yourself !
Nothing could be simpler, use yours savings investment.
If you’ve sized it correctly, it should be enough to get you started.
After: check that everything is fine
This phase is as important as the others.
Because your investment will live and therefore to evolve Over the course of the month.
Photo copyright: astrid westvang.
Be an actor even after the purchase
It can therefore improve and provide better performance and greater value.
Or depreciate and lose value or earn less than expected.
It is therefore essential don’t stand by and watch thinking that everything is already settled.
In the first case, everything is fine and your checks will go smoothly and quickly.
In the second case it will not be necessary don’t panic and address the subject calmly.
You may have chosen to invest bad moment or on a bad location.
The situation can get better or worse and you won’t be able to do anything.
It is therefore important to distinguish between things to be sure ofdo the right thing.
By acting wisely you can do this find out the cause of this situation.
And then you can adopt an appropriate strategy to this problem.
Like, for example, waiting for prices to go up or selling immediately.
It is therefore essential to keep your ideas clear and not give in to fear.
Because if you lose your temper there is a good chance it will go wrong.
Follow the evolution of your investment
There are several ways and different levels to do this audit its investments.
The most trivial solution allows you to look at what is happening globally.
We won’t go into details but verification is quick and remains relevant.
That’s enough for this follow the evaluation of this asset over time.
You will be able to see if its value increases or decreases over the years.
In case of problems it will be sufficient to document yourself news about this product.
This will allow you to understand why and how.
And therefore ato anticipate a possible increase or decrease in its selling price.
For you strengthen at a good price or for you rid off while there is still time.
In the first case, you can invest at the right time to earn.
And in the second you save what can still be saved by cutting your losses.
Do you take the time to do these 3 steps when you want to invest for the first time?