10 Smart Ways to Invest Your Money
3) Financial Education
No matter which investment vehicle you choose, rest assured that you can – and almost certainly will – lose money if you don’t do your homework first. To be sure, you don’t have to be an expert and know everything about a particular asset class to start investing, but you should know a fair amount about it. Yes, you can make use of free resources for many things, but you will also typically want to get at least a few books, tapes, courses, or other training materials. In the words of Eppie Lederer, “If you think education is expensive, try ignorance.” Doing your homework and due diligence first, will ensure your investments are secure and managed in a way that works for you.
