[Taking Vlog] How To Start Investing Today: Don't Wait To Invest, Invest And Wait!

[Taking Vlog] How To Start Investing Today: Don't Wait To Invest, Invest And Wait!
When it comes to the world of investing, three words come to mind: overwhelming, intimidating, and scary. For us "regular Joes," the questions seem never-ending. On that note, let's revisit what experts have said over the years on the topic of investing. The quotes date back to Ben Franklin, and some are from modern experts like Dave Ramsey and Warren Buffett. Though markets may change, good investing advice is timeless.
Timeless Advice
1. "An investment in knowledge pays the best interest." - Benjamin Franklin

When it comes to investing, nothing will pay off more than educating yourself. Do the necessary research, study, and analysis before making any investment decisions.
2. "Bottoms in the investment world don't end with four-year lows; they end with 10- or 15-year lows." - Jim Rogers

While 10- to 15-year lows are not common, they do happen. During these down times, don't be shy about going against the trend and investing; you could make a fortune by making a bold move or lose your shirt. Remember quote #1 and invest in an industry you've researched thoroughly. Then, be prepared to see your investment sink lower before it turns around and starts to pay off.
3. "I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful." - Warren Buffett

Be prepared to invest in a down market and to "get out" in a soaring market, as per the philosophy of Warren Buffett.
On the Markets
4. "The stock market is filled with individuals who know the price of everything, but the value of nothing." - Phillip Fisher

Another testament to the fact that investing without an education and research will ultimately lead to regrettable investment decisions. Research is much more than just listening to popular opinion.
5. "In investing, what is comfortable is rarely profitable." - Robert Arnott

At times, you will have to step out of your comfort zone to realize significant gains. Know the boundaries of your comfort zone and practice stepping out of it in small doses. As much as you need to know the market, you need to know yourself too. Can you handle staying in when everyone else is jumping ship? Or getting out during the biggest rally of the century? There's no room for pride in this kind of self-analysis. The best investment strategy can turn into the worst if you don't have the stomach to see it through.
6. "How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case." - Robert G. Allen

Though investing in a savings account is a sure bet, your gains will be minimal given the extremely low-interest rates. But don't forgo one completely. A savings account is a reliable place for an emergency fund, whereas a market investment is not.
7. "Invest in yourself. Your career is the engine of your wealth." - Paul Clitheroe

We all want wealth, but how do we achieve it? It starts with a successful career which relies on your skills and talents. Invest in yourself through school, books, or a quality job where you can acquire a quality skill set. Identify your talents and find a way to turn them into an income-generating vehicle. In doing so, you can truly leverage your career into an "engine of your wealth."
8. "Every once in a while, the market does something so stupid it takes your breath away." - Jim Cramer

There are no sure bets in the world of investing; there is a risk in everything. Be prepared for the ups and downs.
9. "The individual investor should act consistently as an investor and not as a speculator." - Ben Graham

You are an investor, not someone who can predict the future. Base your decisions on real facts and analysis rather than risky, speculative forecasts.

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