Investing Money While In College Its Never Too Early To Start

Investing Money While In College - It's Never Too Early To Start
Investing money while in​ college
Investing money while in​ college is​ not something that most people think about .​
Should you really start investing your money this early? Here’s the​ short answer: it​ is​ never too early to​ start investing money.
As George Clason stated in​ the​ richest man in​ Babylon,​ the​ best way to​ become wealthy is​ to​ always take 10% of​ your income out immediately and put it​ somewhere where your money will work for you .​
Certainly,​ this applies to​ college students as​ well.
Even if​ you make very little money,​ and therefore don’t have much cash built up to​ invest,​ by investing money while in​ college you will at​ least start to​ learn the​ ropes so that when you have some serious money,​ you will know exactly what to​ do with it .​
here are some investing tips to​ help you bypass the​ mistakes most investors make,​ and to​ help you on​ the​ road to​ financial freedom very quickly.
First of​ all,​ here’s something you need to​ know before you start investing money in​ college: you should always invest in​ well run companies that have exhibited a​ long profitable history .​
Most investors make the​ mistake of​ thinking that the​ big money is​ made with the​ smaller,​ more volatile stocks that nobody’s heard of .​
While some investors have certainly made a​ fortune with these riskier investments,​ by far the​ majority either lose money or​ barely break even.
Next,​ always stick with a​ company that you understand,​ so that you can tell how profitable they are and how good their future outlook is​ .​
This is​ an​ important strategy employed by Warren Buffet and other top investors,​ and it​ is​ largely responsible for their success .​
Consider this: if​ you are investing in​ a​ company that you don’t understand,​ how will you ever be able to​ predict their future earnings potential.
For instance,​ if​ you are an​ avid golfer,​ then you will easily be able to​ predict how well a​ golf company is​ doing .​
For instance,​ if​ you play with 5 straight people who all hit Titleist drivers,​ and all your friends use them,​ you can figure that Titleist is​ probably making some good money.
In fact,​ Peter Lynch,​ a​ very successful mutual fund manager for a​ long time,​ said that one of​ the​ easiest ways to​ find out a​ good place to​ invest in​ is​ to​ go to​ the​ mall and see which stores many people are visiting .​
If a​ store is​ popular,​ you can bet they are making some serious profits.
No matter what,​ always remember that investing in​ money while in​ college can never hurt you,​ and can in​ fact give you some invaluable experience for when you get older .​
Follow these tips,​ and you will be well on​ your way to​ achieving financial freedom at​ a​ very young age.

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