What I Wish I Knew a Year Ago About investment

Most people start investing in their mid-20s when they graduate from college and start earning from a job or business. The first step in the direction of investing is to learn the basics of investing and how investing works. Newbies often search for the resources that can help them in this journey, but unfortunately, in most cases, they find incomplete and biased knowledge.

In this case, Immediate Gran 360 helps investors find the right resources and platforms that can help them learn to invest. This platform works as a bridge between the investors and learning platforms.  For more information, you can visit this platform. 

When I started investing in my 20s, I made some mistakes as a beginner that impacted my overall investment portfolio. In this post, I will share 3 things that I wish I had known a year ago about investment. All the advice is according to my personal investing experience, so it is advised to research individually before following the advice.

3 Things I Wish I Knew a Year Ago About Investment

Although there are plenty of things that I have learned over the years through constant investing, here I am maintaining the top 3 things that I think I should have known a year ago.

1. Don’t Delay in Starting Investment: When you are young and just started your career or have been working for 2 to 3 years, you don’t understand the need to invest and procrastinate for later.  Opening a demat account and starting investing for retirement and other financial goals seems like boring work. That’s why it is advised to start investing in the early years when you start earning a regular paycheck. If you start investing at 25 instead of 35, you will get much more difference in the returns than you ever thought.
2. Time in The Market Matters: In earlier days of investing, I used to think that I should invest in the shares when they hit the lowest price point, but gradually as I got more experience I got to know that I was wrong.  After spending lots of years investing, I talked to many investors who are actively investing and the people who retired early. After experiencing all that, I concluded that the timing of investment plays almost no role in investing, the only thing that matters is the time you hold in the market. 
3. Keep Emergency Funds Ready: Life is uncertain to some extent, so you will never know which financial crisis you have to face in the future. So it is always advised to hold emergency funds ready. Whenever a financial crisis or recession happens, you will be stress-free if you have emergency funds to manage regular expenses. If you have saved money for a future goal which is vital, you don’t have to take funds from that future source for your daily expenses. In case you lost your job or your business is facing loss, an emergency fund will help you manage the situation and won’t let you fall into the trap of debt.

Interesting Fact Warren Buffett is considered as the most successful investor. Today, his net worth is more than $87 billion. Surprisingly, most people do not know that he earned 99.6% of his total wealth after he turned 52. Almost $72 billion of his wealth came when he turned 65. Warren started investing at the age of 11 and filed his first tax at 13.

Final Words

There are lots of things to learn about investing. Any investor, will never be perfect, it’s a constant learning process. In this article, we discussed 3 things that I wish I had known a year before, according to my personal experience.

 Apart from these 3 as a bonus tip, I strongly advise you to learn to invest from a legit platform or resource as a beginner. Learning from the right source will place you apart from most of the crowd. If you find this article helpful, share it with your colleagues and college buddies who want to start investing.