The Top 5 Tips for First-Time Investors Given By Shaun Stenning

By -





Investing in the right companies, stocks, crypto, and real estate can bring great financial gain, but it doesn’t come without difficulty. Shaun Stenning, an investor, and entrepreneur who has created an exponential financial portfolio for himself wants to help first-time investors make the right decisions, so here he’s sharing his top five tips on investing. 


1. Create A Plan 

To make the right decisions regarding investments, you need a well-thought-out formulated plan. Before you invest, ask yourself the following questions: How much money am I willing to invest? How much money can I afford to lose? All investments come with some risks, and setting limits can avoid getting in over your head. You also want to ask yourself, what’s the goal? Is it a number? Or is it a more long-term goal such as a retirement plan? How quickly do you need to see a return on your investment? Shaun Stenning believes that before a first-timer chooses their investments they need to specify their goals as this will dictate the companies, stocks, or cryptocurrency they choose.


2. Keep Emotions Out of Investments 

People have trouble investing when they are emotionally involved. You want to have an even temperament when it comes to making business decisions. Having the right temperament is generally what keeps people from finding financial freedom through investing as it leads them to make wrong choices based on feelings rather than facts. Your “gut feeling” may be helpful in life but when it comes to investing, the facts and figures should lead the way.


3. Pick Companies You Believe In 

When you are choosing which companies and or stocks and cryptocurrencies to invest in, you’re becoming a part-owner. Be sure to notice not only the numbers and trends of a business but the overall ethos of the company. Don’t invest in something you don’t connect to or understand. When investing you should be thinking of what the company brings to the public and what you see its future to be.

4. Diversify 

When investing for the first time, be sure to make decisions that can handle the ebbs and flows of an ever-changing market. Don’t put all your eggs in one basket by only investing in a single company, rather you should consider investing smaller amounts in multiple companies. This is particularly important if you’re thinking about investing in crypto as that will bring high returns but also represent a greater financial risk.

5. Follow Through 

It can be tough for first-time investors to feel secure in their choices, and it can be easy to fall prey to fear. Don’t get lost in the nitty-gritty of market movement, inflations, interest rates, and share tips. Stick to your plan and see it through for the time you’ve allotted, which should be decided before you invest.

Shaun Stenning Phuket has made a living off his smart financial investments. If we understand that planning a diverse portfolio of investments leads to long-term returns and know that we can’t let fear drive our decisions, we too can see the immense financial success that investments can bring.

Comments

Post a Comment

Popular posts from this blog

The Heart of Giving: The Impact of Donating in Your Local Community by Shaun Stenning

By -
Image
Shaun Stenning said, In the hustle and bustle of modern life, it's easy to forget the profound impact that giving back to our local communities can have. However, the act of donating—whether it's time, money, or resources—is a powerful way to strengthen the bonds within our neighborhoods, improve lives, and create a sense of unity. In this blog post, we'll explore the significance of donating in your local community and how it can make a real difference. 1. Addressing Local Needs One of the most significant advantages of donating locally is that it directly addresses the specific needs of your community. By supporting local charities, organizations, and initiatives, you ensure that resources are directed where they are needed most, whether it's helping those facing economic hardship, providing food to the hungry, or offering support to vulnerable populations. 2. Strengthening Community Bonds According to Shaun Stenning , Donating in your local community fosters a sense
Read more

Shaun Stenning Opinion About Things Teens Can Do to Prepare for Financial Independence

By -
Image
  In the past couple of months, it's become abundantly clear that today's teens are tenacious and enterprising. Add in the fact that they are "digital natives" and have a firm grasp on social media and technology, and it seems as if there is very little teens cannot do if they put their minds to it. “Unfortunately, there is one area where teens feel a little less optimistic: Money.” Shaun Stenning said.  According to a 2013 survey by Junior Achievement, an organization dedicated to teaching kids about money, 25 percent of teens believe they will not be able to support themselves without the help of parents until they are between the ages of 25 and 27. In addition, Shaun Stenning said only 59 percent of teens feel confident that they will be able to support themselves between the ages of 18 and 24. Some of this pessimism about future financial independence is a natural reaction to the relatively high unemployment rate among teens. But teens, with a littl
Read more

Shaun Stenning How to Create a Winning Business Plan

By -
Image
Shaun Stenning said, Creating a business plan is critical for any entrepreneur looking to start or grow their business. A business plan will serve as a roadmap to guide your business toward success. In this blog post, learn more about some essential elements of a winning business plan. Executive Summary  The executive summary is the general overview of your business plan. It should include a summary of your business, your goals, and your target market. The executive summary will need to be concise, clear, and compelling to entice the reader to continue reading the rest of the plan. Business Description  According to Shaun Stenning The business description is where you’ll provide more details about your business. You’ll explain what products or services you’ll offer, your unique value proposition, and your target customers. You should also discuss your industry, competitors, and market trends. Market Analysis  The market analysis section analyzes your target market in detail. You’ll id
Read more