When you think of investing for your retirement, what first comes to mind? Confusion? Dullness? Or maybe it’s fear of the unknown? Many people view retirement investing differently. For me, I think it’s kind of exciting. After all, where else can you take your money and grow it by thousands of dollars over the course of a lifetime? Sure, it’s slow and it’s not guaranteed, but many people have had success with investing in the past, and they will succeed with it in the future as well.
Now, if you’re scared of investing, it’s probably because (1) you just don’t have much knowledge when it comes to finances, or (2) it’s because you simply don’t have the money to invest even though you’d like to, which leaves you frightened of what might become of you when you reach retirement age. Whatever the case may be, hopefully I can help you get over your fears, which will lead to your very prosperous investing career (and, if you need to make more money, just search the web – there are money-making ideas everywhere).
So if you’re interested in investing, what should you start putting your money into? There are quite a few options. You could start out pretty safe with mutual funds or index fund, or even bonds for that matter. In the stock market, you could choose growth, foreign, large company, or small cap stocks. Or, you could even trade in the forex market! If, however, you’re unfamiliar with fx trading, there’s a great forex market overview with Alpari.
Hopefully I didn’t scare you off by listing all of these possible investment options. Actually, I hope that you’re more excited now that you know there are so many different places to invest your money! Growing your money though an investment market does not have to be dull and boring. In fact, you could make multiple trades throughout the day if you really wanted to. With forex trading, currencies rise and fall against one another every second of the day. If you know what you’re doing, it can be a very profitable and exciting place to invest your hard earned dollars.
If you are a beginner, however, I would advise that you start investing a little more slowly – perhaps in index funds or mutual funds. These can still be rather exciting investments (if you put your money into more volatile funds), and they are fun to watch day after day, especially if they keep going up!
Also, please note that investing should really be for the long term. When you put money into the market, you might lose 20% of it in the first year, but if your investments are solid and you have done your proper research, more than likely, your investments will grow to far more than you initially put into the market.