INVESTING TIPS FOR BEGINNERS
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By: Carlo Palomino 1M 10
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UNDERSTAND THE INVESTMENT Learn all about the investments in detail, be it perks or risks. By doing so, you will get an estimate of which investment type will be the most fruitful.
START EARLY The earlier you start, the more you’ll earn. Investing a little amount early can make a significant impact on the quality of life in the future, says Carlo Palomino.
INVEST FOR LONG Play big, play longer! Don’t invest your funds for short term returns. Think big and long. The more your principal is put to work, the higher will be the rate of return at the time of maturity.
DIVERSIFY YOUR INVESTMENT If you want to ensure higher potential returns in the long term, the best way is to spread your assets. Don’t be an investor blowing money at a single place, but like seedlings.
BE CONSISTENT Withdrawing your funds from the investment can make you lose at surrender and, sometimes in the long run, can hurt a lot. This is Carlo Palomino’s favorite investor advice.
KNOW YOURSELF Each of us is different and so are their investment goals. Some might like to save for an exotic vacation in Paris, but wise ones will buy distressed real estate, rehabilitate the assets and then to make a profit, says Carlo Palomino.
ABOUT AUTHOR Carlo Palomino from New Jersey has worked in sales his whole life, most recently in technology sales in the data and analytics field. He loves to coach teams on how to do better in their work and loves products and services that empower others to achieve more and do better. He is also a real estate investor on the side flipping houses.
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