Tips For First Time Investors

American Investment Planners LLC

500 North Broadway, Suite 260, Jericho, NY 11753

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

While putting $20 in an envelope every week can help you save, investing is one approach that can really benefit us all financially. Yes, the markets swing here and there and can cause a bit of a stir, but when you look at the bigger picture, the benefits of investing might outweigh the negatives you may experience.

Let's not get too ahead of ourselves, though - investing is not something we can master overnight. As financial planning professionals with years of experience with various types of investments, we know that the process of investing can seem quite confusing at first. That's why today, we're here to provide some helpful tips for new investors and those investors who may not be familiar with how it all works. They are:

Have a long-term goal.

It would be nice to see our money double in just 24 hours, but that just isn't how it works. That said, all investors should have a long-term goal or two that they're trying to reach. While it's not a bad thing to have a short-term goal that you'd like to reach too, for investment purposes, it is more beneficial to focus on the future.

Don't believe everything you hear.

Your second cousin has had incredible success with investing, so you should do exactly the same thing, right? Wrong! Of course it's always recommended that you seek advice about the investments you choose, but unless that advice has come from a professional, it may not work out in your favor. If you're thinking about trying some strategies that your friends or family members have suggested, consult with a financial planner to see if that strategy is really right for you.

Take the time to research.

If investing is a topic you've never given much thought too before, it's extremely important that you do some research and learn some background information before making any major decisions. A good place to start is by learning the definitions of terms that you're going to hear a lot in conversation, such as what "stock" really is.

Prepare for market swings.

It can be scary to look at your investments and see them take a turn in the wrong direction, but you must know that this is normal. Just like you should be focusing on long-term goals, also focus on long-term results. It isn't unusual for investments to change drastically in a short period of time, and if you're constantly monitoring your total balance, it'll drive you crazy to see things going back and forth! But if you do insist on checking in regularly, avoid changing your investments just because you don't like the way things look right now.

Seek professional guidance.

Going into investing alone can be difficult - not to mention, you may not be doing the best that you can for yourself financially. If you want to make sure that you're taking the best approach to investing for your personal financial goals, sit down with a financial planner who can show you all of your options and really walk you through the why behind each strategy.

At American Investment Planners LLC, we've worked with investors of all ages and have all of the tools and resources needed to help YOU next. If you're ready to plan for the future and want to plan right, contact us at (516) 932-5130 or email info@americaninvestmentplanners.com to set up an appointment with one of our advisors today.