If you were to ask a question about investments to 10 random people, you will receive 10 different random answers. Even if you ask 10 experts, you will still receive 10 different answers. This is because people take different approaches and have different expectations when it comes to making investments. For experts like Greg Lindae, therefore, the key is to provide people with answers on more specific questions, thereby empowering them to come up with their own perspectives. Hence, he has answered a number of pertinent questions about the world of investing.
Should I Invest in Stocks Right Now?
This is a typical question that simply cannot be answered. The goal of investing is to purchase a stock that is very low in value right now, but that will increase in value over time. Unfortunately, there are no securities in this. All stocks go through cycles of ups and downs, and you need to invest when a certain stock is on a down, so that you can earn on it. Unfortunately, it is impossible to know with any real degree of certainty whether the stock will climb back up. This requires in-depth knowledge of past performance and other influencing factors. Again, people like Greg Lindae can help with this.
How Much Risk Is too Much Risk?
Another question that cannot really be answered, because it all depends on how much you can lose. You cannot make risk-free trades. If those existed, everybody would invest in those, and there would be no more need for people like Lindae. However, there is a difference between a company on the brink of bankruptcy that hopes to find a buyer, and a company that sees their stocks lower in value because of seasonal fluctuations. This, again, is why you should work with experts, who have the ability to understand these differences and determine where on the spectrum a drop is.
How Do I Determine my Goal?
You need to think about what you want to achieve with your investments. Do you want to become a millionaire and never work again, do you want to have a comfortable retirement, do you want to put a child through college, or do you simply want to see what can be achieved? It all depends on how much money you have available and how much time you have to reach your goals. What is important, however, is that you have a goal and that you question how any sale or purchase gets you closer to reaching that goal.
These are the three key things to consider before you start an investment. As you can see, these do not provide any advice on which stock you should invest in, or where you should put your money. It is about understanding yourself, your own needs and capabilities, and developing a strategy based on that. This also means working together with experts like Lindae, who can help you to determine what is and isn’t realistic.