Ep 1 – When to start investing? In this episode we start with the very basic. Mirriam MacWilliams Chief Trainer/Wealth Mentor shares with you tips on when to start investing. TIPS FOR THE NOVICE INVESTOR Address concerns such as personal debt, knowledge of the stock market and what financial instrument to use. Start off as a conservative investor, focus on small consistent gains. Don't stay up all night. What are some of the questions and concerns that need to be addressed before anyone contemplates being able to invest live capital in the marketplace. • Do I know the stock market? • Where do I stand financially? • Do I have debt to clear first? • What financial instrument should I use? Once the questions and concerns have been addressed, here are some tips for the novice investor. • Start off with zero capital, Use a virtual trading account • Use half your capital for investment • Only when probabilities are at their highest, then look to enter a position • Start off as a conservative investor, focus on small consistent gains • Don't stay up all night Three things to remember before you invest: • Are you ready to invest ? • Are you in debt ? • Have you done your homework?		Other Stock Tips • Budgeting • What makes a good investor? • Option Trading • When to enter, when to exit • How to identify a good stock? • Where to invest and how much? • When to start investing?
You can also get more information at the following websites: • www.wealth-mentors.com/options • www.optionsxpress.com.sg • www.interactivebrokers.com