Exploring the world of Investing: The beginning

I was always fascinated by the concept of money. As a child, I was taught that the only way to earn money is through hard work. Later, I learned that there’s a different way to earn money – investing; people using their money to make more money. This led me to start exploring the world of investing.

To me, investing is more than just a way to make money. It’s a strategic game that requires you to think about the future success of a company. You have to analyze market trends, understand the financial statements of a company, and weigh the risks and rewards before making an investment. The beauty of investing is that if done right, you will profit with high returns.

One of the most important things about investing is that it’s essential to have a well-diversified portfolio. This means spreading your investments. To reduce the overall risk of your portfolio. As I continued to educate myself I understood that investing is not about placing big bets and getting rich quickly. Rather it is about making careful and informed decisions for the long run. Moreover, the stock market experiences ups and downs, and it’s important to stay calm and not make rash decisions during a downturn or recession. 

I want to document my journey as I learn and improve my investing skills. I want to share my reasons and thought process behind either investing or not investing in a particular stock. I believe that by documenting my journey, I will not only hold myself accountable but also help others who are interested in investing. 

There are an endless amount of assets to invest in- from stocks, bonds and real estate, to mutual and index funds. I will be focusing on stocks and plan to research one stock every month. To start, I will be investing in stocks based on my prediction of their return. If I believe a stock has potential for a high return rate, I will invest around $500, if the potential return rate is decent, I will invest around $250, and if the potential return rate is low, I won’t invest any money. Additionally, I will keep track of the S&P 500 index so I can compare my investment growth with the overall market. Needless to say, I will borrow money from my parents; who are very kind and supportive of this.

As of now, investing is quite intimidating. One of the challenges I face as a young investor is having limited knowledge and resources to research. However, I believe that starting small and consistently investing over time can help me learn more. Hopefully this blog will not only help me improve my investing skills but also provide valuable insights for others who are interested in investing. I hope that with education, discipline, and time, I can become a successful investor.