Whether you’ve invested in the past or you are new to the game, there are a few things you should know before you start investing in stocks. It’s a game that you can win, and win big, and it’s also a game that can devastate you if you are not careful. Back in 2008 when the market crashed, lives were ruined.
There were many people already at retirement age that lost it all, and there were those of us who are still young enough to know that we have decades to bounce back from our losses. Some cut their losses and ran. Others stayed in the market. We all took a hit, and many of us are happy with the turn of events in recent months.
However, that doesn’t change the fact that the stock market is a gamble. You put your money there, you can’t know what will happen to it; you can only hope. The good news is that we have some tips for you that can only help.