Sound Investing For Every Stage of Life
First Time Investor: Grow and Protect Your Money
Paul Merriman’s “How To Invest” Series, Book 1
In this book, I give you the steps necessary to build and maintain a successful investment portfolio. You’ll learn exactly what to do to meet your financial goals — from the day you start saving and investing for your future, and for the rest of your lifetime. If you invest wisely, you may be able to retire while your friends are still chained to their jobs.
Whether you’re starting out or starting over, this book is for you. You may be 23 and just landed your first job, or you’re 40 and decided to finally get serious about investing, but If you follow the advice you find here, you will have a high probability of being financially independent when your working years are over.
Click here to see tables from 1st time investor that show how various rates of return affect your savings, retirement and lifetime results.
What You Will Learn:
- How investing really works
- Where you should get your information and place your trust
- How much risk you should take
- How to increase your returns without increasing your risk
- How to avoid becoming the prey of slippery Wall Street salespeople, as well as outright crooks and con artists
Why Start Investing Now:
Most young investors think the lessons of sound investing don’t really matter until they have a lot of money. Many spend a decade or more making unsuitable investments, taking too much risk, or worse: not saving at all. But there are at least three reasons that those early years are extremely important:
1. The much-publicized “magic of compound interest” dictates that every dollar that you invest for 40 years will inevitably be worth much more than a dollar you invest for only 30 years or 20 years.
2. Every beginning investor makes mistakes. You can learn just as much from a $1,000 mistake when you’re young as you can from a $50,000 mistake when you’re older. And the price of the lesson is much lower.
3. The early years are the time you form the habits and attitudes that separate the most successful investors from the also-rans.
Plan To Succeed
If you do the right things for the first 10 years of your working life, you can easily double your income in retirement. Of course nothing is guaranteed, and anything is possible. It’s possible you’ll win the lottery, and a lot of people who have neglected their finances believe that’s their only chance of success. I hope you won’t end up like them. In early 2012, the national lottery reached a record jackpot of $640 million. Three people split the pot. As one newspaper headline noted, there were three winners and 100 million losers. Those are not the kind of odds on which you should rely.
As has been said many times, investing is not a sprint but a marathon. I am not focused on getting good results for you in the next month, the next year or even the next decade. I am focused on the results that you will have for the rest of your life. If you do the right things from the start, the difference can be huge. And in this book, I show you exactly how to do that.