You’ve conquered college. You have the shiny new degree hanging prominently on your wall. So what’s next? The real world begins. Most college graduates set out to find a job. Some head across the globe to “find themselves.” Others look to start investing in the stock market.
If you’re a recent college graduate looking to get into the stock market then chances are you not sure where to begin. Here are some helpful tips to get you pointed in the right direction.
Spread your wings – new investors should avoid always following the crowd. Of course, stocks and bonds are good, but there are other investment opportunities that could pay nice dividends down the road. For example, private placement investments in energy industries and real estate are two good options.
Consider joining a club – did you know that investment clubs even existed? This can be very helpful for new investors. Instead of following the same old advice from seasoned investor you can learn and share new ideas and gain valuable insight into the investment process. Some clubs even join together to invest as a group.
What about taxes – it’s never too early to consider taxes. If you start saving money now for retirement by investing in a retirement account you can avoid more taxes now and grow your savings for the future.
Consider all your options – the key to successful investing is having a view of the larger picture. Consider all your options both short and long term. Also, have a clear picture of your entire financial situation and your future financial goals.