![]() Having a long-term perspective is key,” Murray says. “In my opinion, a significant risk inexperienced investors face is their own unrealistic short-term expectations that their investments should always make money. Beginners shouldn’t hesitate to get help as well. Owen Murray, director of investments for Horizon Wealth Advisors, says new investors should first consider factors like risk tolerance and time horizon. New investors shouldn’t rush into investing without preparation or a plan. There are plenty of stocks out there that will produce market-leading returns over the long term but may not be the best investments for beginners. Unless you have personal expertise in any of these areas, it’s best for a beginner to stick with stocks that have relatively easy business models to understand. There are plenty of excellent companies out there in industries such as cutting-edge technology, advanced biotechnology, complex finance and other specialty fields. Screening for profitability in at least four of the past five years doesn’t penalize companies that were temporarily unprofitable during COVID-19 economic shutdowns in 2020. The best companies are consistently profitable, meaning new investors don’t have to track the company’s financial performance too closely.
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