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Anonymous
I’m in my mid 20s and have been working for awhile already but afraid to take the first step.
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Zac
23 Feb 2021
Noob at Idiots Invest
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Read up more about the company etc before you invest, don’t just listen to whatever people tell you to buy!
Invest with the amount of money you’re OKAY with losing!!!
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Hi,
I understand the fear of taking the first step towarda investing as I too have been procrastina...
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Warren Buffett recommends index investing for beginners who know absolutely nothing because it's diversified and passive.
You can also invest via digital advisors aka robo-advisors; they're also diversified and passive - great for beginners who have little experience.
These are both good places to start, although you will have to read up and understand why you're choosing them.
Once you start investing, channel your free time and energy towards reading, so that you better understand investment and form steady convictions concerning it. Starting broad gives you general investment principles/frameworks, narrowing down helps you get into the details of a specific investment.
In the meantime, continue passively investing while you build your knowledge. When you're ready, you can look to add further elements to your portfolio.