A Guide to Investment in 2016



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Investing in stocks can be an extremely profitable method for making the most of your money. Experts believe that you are better off investing your money than putting it in a savings account. Of course, investing is not a certainty – it can go either way. But as long as you are sensible about it, it can prove to be a fantastic use of your money. If you are considering investing this year, then you might be wondering how best to go about it. Investment has a lot of different factors, and it can be difficult to get your head around all of it. Don’t worry – we have put together this brief guide to investing in 2016, so you can get off to a flying start.

Set Goals

Before you do anything else, it is important that you set yourself some goals. These goals should be both realistic and ambitious. If they are not realistic, disaster could strike. However, if they lack ambition, then it is unlikely that you will get anywhere. Set yourself clear goals and ensure you can stick to them. Perhaps you are merely hoping to grow a money pot. Or you might want your investments to be successful enough to warrant a full income. Having clear goals will enable you to know how far to take risks.

Work Out Your Limits & Time Frame

You should also get a very clear idea in your head of what your limits are. Knowing what limits you have set yourself makes it much more likely that you will succeed. Also, set a time frame, and be rigorous about sticking to it. These things might sound elementary, but in fact, they are essential. If you do not work this stuff out beforehand, then you might end up losing out.


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Choose Your Investments

Now comes the time to sit down and work out what it is that you would like to invest in. Truthfully, there are no right or wrong answers. Besides, it is part of the nature of the game that it is under continual change. There are, however, certain tried-and-tested investments which you might like to consider. There are a number of specific penny stocks to watch, as they can be lucrative. The most important thing is to stick to your guns, whatever you decide to invest in.

Brokerage Accounts

Many experts believe that it is advisable to open a brokerage account. The benefits of doing so are numerous. Having an easy-access brokerage account allows you a simple method for accessing your stocks. There are sometimes annual fees, but they are usually minimal. It is a wise idea to get a brokerage account set up early on. And it is a very wise idea to shop around before you choose one.

Be Bold; Be Careful

That leads us nicely onto our last, but most important, point. Whatever you end up investing in this year, and however much, remember this. Be bold, and be careful. You want to have the confidence just to go for it. Otherwise, you won’t see much in the way of positive returns. However, ensure that you exercise caution at the same time. With a little care and patience, investing can be well worth your time.