Knowing how to choose your investments can be a big challenge. The sheer number of options available can make your head spin. And getting comfortable with the financial jargon, like the difference between stocks and bonds, cash, currencies, commodities, asset classes, etc., can be confusing. Plus, if you’re just starting out on your investing journey, you might feel a lot of resistance to diving in.
But I’m a firm believer in simplifying your investments. Investing isn’t rocket science. It doesn’t need to be complicated. Especially when you’re just starting out.
The good news is, that if you watched my last Vlog, you already know the basics of how to get started. And today’s Vlog will help you take it to the next level so you can begin investing.
How to choose your investments
We’ve all heard the saying “don’t put all your eggs in one basket”. Choosing your investments is just like that. You want to divide your money between different types of investments, also known as assets.
Asset allocation is the way you divide your money between different assets, like stocks and bonds.
In today’s Vlog, I talk about:
– Asset Allocation
– A quick difference between stocks & bonds
– A rule of thumb on how to divide up your investments based on your age
I know the vlog gets a little technical. So feel free to watch it a few times. Until the concepts are clear.
And if you need a review of some basic investing terminology, I recommend you go here: 3 Things You Can Do to Get Started Investing NOW
Finally, if you have any questions, feel free to post them in the comments below. I love answering questions that will help you build healthy, confident wealth.
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Still need help?
If you still need help getting started with investing, contact me to schedule a free, no-commitment initial phone call. Click here to schedule a call.