The Stages of Investing

As you start to save and invest money, it's important that you have a strategy that matches your needs and your long term goals. You might want to make a lot of money with your investments, but you need to make sure that you don't end up losing money because you followed an investment strategy that wasn't appropriate for your situation.

When you're starting out, secure your financial situation with low-risk investments that you can access if and when you need them. As you build your portfolio and gain more experience, you can move into more sophisticated and higher risk investments. With greater knowledge and capital, you'll be able to reach your long term goals with a strategy that you're comfortable with.

You're in this for the long haul, so start the process sooner rather than later and stick with your plan!