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10 Tips: Best Investment Advice For Beginners

Read these 10 tips to begin your investment journey in 2023. Find out how an app like Cube helps you create wealth with world-class recommendations.
April 18, 2024

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If you are considering investing your money, it is likely that you aren't sure how to begin. The amount of information relating to investments on the internet and print media is abundant.

Truth be told, all of it may seem complicated or intimidating at first. But the following tips will help you get started on your investment journey. Remember, always consult a wealth coach before investing in any asset. 

Watch this video to learn how busy professionals can create wealth for the future.


10 Investment Tips For Beginners

Tip #1: Set A Goal

It is important to have a goal in mind when investing in any asset. The time frame you pick should line-up with your monetary objectives so that assets are accessible not long before the desired event. 

Tip #2: Manage Risks

As a beginner, it's important to remember that you should analyze your risk profile. Various factors such as your age, financial situation, and more determine the kind of investments you should add to your portfolio. You can take the simple risk quiz on the Cube Wealth app to know more about your risk profile.

Tip #3: Invest Early

The earlier you start investing, the greater your potential returns could be. The sooner you begin, the quicker your money will start to compound and you’ll need less money to reach your financial goals! So the best time to start is today.

Tip #4: Work With A Trusted Advisor

As an investor, it is advisable to always invest with solid advice from experts. Advisors like the ones Cube gives you access to analyze the market and several other factors to give you handpicked recommendations. This can help you save time and grow your wealth for the future.

Download Free Cube App

Watch this video to know why good advice is worth it.


Tip #5: Diversify

The market is unpredictable. To avoid losing a lot of your earnings when the market goes down, you should create a diversified portfolio. You can do so by investing in international markets in case the Indian market begins to perform poorly.

But it's important to speak to a wealth coach to understand and strike the right diversification balance. Read this blog to know how you can build the perfect portfolio.

Tip #6: Pay For Quality

It is not advisable to buy or sell a stock just because it has a low price point. Higher priced stocks from quality companies are historically known to deliver returns over the long term. Therefore, it is important to invest in quality assets based on research and data.

Tip #7: Be Patient

If one of your investments is performing poorly, it doesn't necessarily mean that it won’t turn around. The market is unpredictable, get personalised advice on when to exit an investment from trusted Wealth Advisors like the ones Cube gives you access to.

Here's a video on the benefits of investing for the long term.


Tip #8: Stay Informed

It is always a good idea to be aware of how the market is performing. Research on the stocks or funds you plan on investing and find reputable resources to keep up with market trends. If you're a busy professional, this can be difficult.

This is where an investment app like Cube can help you with curated recommendations, simple portfolio view, etc. Take Me To The App

Tip #9: Save For Retirement

It’s never too early to start thinking about your retirement. Retirement accounts have numerous tax advantages. By starting to save for retirement early, you’ll have to save less over the years!

Read this to know how you can retire early.

Tip #10: Speak To A Wealth Coach

As a beginner, investing in funds can seem tricky at first and you could be unsure of the decisions you are making. By receiving professional advice from one of our trusted wealth coaches

This could help you be more confident in your decisions and direct you to the option that works best for you.

Summary

The best time to start is today. Get an investment app like Cube that simplifies wealth creation for busy professionals with world-class advice and recommendations. Speak to a wealth coach before investing in any asset. 

What's Next?

Watch this video to learn how you can start investing.


Priya Bansal
Curious about personal finance and all things money. Can either find me reading a book or dancing to a tune.

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  • Low Minimum Investments
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