Dos and Don'ts of Investing

American Investment Planners LLC

500 North Broadway, Suite 260, Jericho, NY 11753

(516) 932-5130 / (866) 932-5130

When it comes to investing, many people are often hesitant and avoid "putting their money in the market" because they realize that there is always a possibility of losing it. Although investing is a balance between risk and reward, you certainly shouldn't avoid the market all together just because you feel skeptical about it. On the other hand, you also shouldn't jump the gun too soon and invest immediately without doing your research - that's when the potential for losing money is higher. That being said, when you know how to invest (which you can learn by investing some of your time), you can make smarter decisions and potentially reduce some of that fear (and hopefully, your chances) of losing out in the future.

The following are a few dos and don'ts of investing that you can start with if you're thinking of getting into it:

Dos:

• Thoroughly research where you plan to put your money to ensure that the benefits are worth it. 
• Pursue a variety of investment options; your portfolio should include an array of investment types!
• Know the fees that are attached to each of your investments. You might feel that the year brought you multiple gains, however, by the time you pay your dues you might find that you wind up with less than you started with - this goes back to research!

Don'ts:

• Only invest in areas that you or others "say" will do well. Furthermore, you also should not invest solely in those stocks who you feel are "due" to win - you can't predict the market! 
• Rely on your emotions. Similar to the previous don't, your feeling shouldn't be the only driving force behind your choices.
• Wait. The sooner you start investing, the better. While you can make up for loses that you experience down the road, you can't make up for lost time.

Being that investing is a serious matter, it's important that you are familiar with exactly how to proceed before making any decisions. That's where we come in! Although your own research will guide you towards making better choices, sitting down with an expert financial planner allows you to receive the professional guidance you would otherwise miss out on. For more information about our investment services and how we can help, visit us at www.americaninvestmentplanners.com or contact us at (516) 932-5130 today.