Starting your investing journey

Description

A legitimate question deserves a legitimate answer. If you want to start investing in the financial markets – this video is for you.

Hi there.

I’m Adoley, and in this video, I will try to help you find an answer to a burning question:

How much money do I need to start investing?

While there’s no cookie-cutter solution, the short answer is:

It depends on how much money you have available, plus your investment goals.

You can invest as much or as little as you wish, but at the end of the day, it’s not a question of how much you can, but how much you should invest.

So let’s get to it.

The most important thing is to be responsible.

Only invest money that you can afford to lose.

A rule of thumb could be to take care of your debt and have an emergency fund in place, before using your spare capital.

Manage your expectations.

While some may promise get-rich-quick solutions, the fact is that real wealth is built gradually and with a lot of patience.

Ask any investor.

Speaking of patience, time is also a factor which you should pay a lot of thought to .

For example, when do you plan on capitalizing on your investment?

Are you saving up for retirement?

Buying a house?

Or taking a trip next year?

Another factor to consider is risk.

The risk/reward ratio of the investment you want to make will help you calculate exactly how much money you should start with.

Naturally, there are numerous factors to consider.

But if you follow the guidelines in this video, you will have a solid starting point.

Now go ahead, start planning your financial future.

Thanks for watching and see you on eToro.