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5 Good Investment Tips to Keep Your Investments Organized

It is one thing to make money investing, and it is another to learn how to keep your money organized. Here’s some good investment tips to stay on top.

Statistics show that over half of Americans have money invested in the stock market.

This statistic represents many different kinds of investors. There are those who spend their entire career making trades on various markets, as well as casual investors with just a few hundred dollars in a brokerage account.

One of the key characteristics that distinguish the former from the latter is organization. If you don’t have an organized approach to your investments, you’ll find it much harder to make money consistently.

Keep reading for good investment tips and advice on how to keep everything organized when buying and selling securities.

  1. Start Young

The earlier you start investing, the easier it will be to turn your portfolio into a large nest egg. If you begin consistently saving and buying stocks in your twenties, you will almost certainly have a healthy retirement fund in your sixties.

Also, you can afford to take on more risk as a young investor, opening the door to greater returns.

  1. Decide on Your Risk Appetite Early

Your risk appetite is the first thing you need to decide on when embarking on an investment journey.

If you can afford to lose all the money you invest, you’re free to look at risky investments that could earn you a lot of money. If you’re saving for retirement, on the other hand, you should stick to fixed income and stock index investments.

  1. Segregate Your Investments According to Risk

Most larger portfolios will have investments with varying degrees of risk. You might, for example, allocate 75% of your portfolio to safe buys and the other 25% to riskier, more speculative investments.

  1. Get Familiar With Different Types of Investment

There’s more to the world of investing than stocks and bonds. If you want to have real success as an investor, you need to get familiar with things like ETFs, mutual funds, options, swaps, and futures contracts.

These can be complex, and may expose you to more risk than normal investment vehicles. You should do your research before buying any investment product you haven’t worked with before.

  1. Record Everything

This is perhaps less of an issue nowadays compared to years gone by, as online accounts will keep track of your profits, losses, and transactions. However, you should still make a note of all these in your own spreadsheet for the sake of convenience.

Recording your trades allows you to capitalize further on your successes and move away from your mistakes.

If you’re wondering about a software solution that could help you to keep your investments organized, have a look at this free NetSuite trial.

Good Investment Tips to Keep the Money Rolling in in 2020

No matter how accomplished an investor you are, good investment tips are always handy. Whether you’re saving for retirement, speculating on the stock market, or trying to make it as a professional investor, the learning never stops.

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