- Continue from Part-1 -
After you have decided, give your investment some time. Don't invest in equities with the intention to pull the money in weeks, months or even less than five years minimum. When you're more comfortable with the ups and downs of the market, then you can consider increasing your investments and broadening their diversification, again consistent and in line with your risk tolerance.
The worse lesson a beginner can have is making a lot of money right away.
After that happens, many decide that investments are guarantees, and they invest all they have.
So my advice is to invest a little that you can afford to lose.
Watch the ups and downs of the market and become comfortable with the volatility while at the same time increase your knowledge in available investment choices and risks.
Getting familiar with the market before blindly investing will be an added advantage and over time, you should have a diverse portfolio of mutual funds consistent with your objectives, risk tolerance and tax situation.
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