Many of us wish we were more financially savvy, but the truth is, most Americans don’t have the time to learn financial jargon, products and tips. Yet investing tips can be found almost anywhere — online, in books, in newspapers, on TV, in podcasts and from an advisory council. You should remember, first and foremost, that only you are liable for your own investment money. Therefore, never spend more on stocks and financial products than you can “afford to lose.” Sure, no one wants to lose money, but you’ll fare much better if you use the money you make to invest.

Beginners often wonder how they can make a lot of money from a little investment. After all, not every 20-something has $10,000 or more saved up to throw to the market. Advisory services often give the following investing tips. Buy Mutual Funds or Exchange-Traded Funds. These two investment options ensure that your money is spread around, which will minimize your loss. As time goes by and you can watch your portfolio, you may decide to take money out of one area and move it to another and with these funds, you will have the flexibility to do that.

Some people also like to get investment tips from an independent financial advisor. Many people find these advisors through family, friends, church members or cohorts, but you can also check websites like the Financial Planning Association (www.fpanet.org), the Certified Financial Planner Board of Standards (www.cfp.net) or Wiser Advisor (www.wiseradvisor.com). When you’re calling around to find an advisor, you’ll want someone who expresses an interest in you, who has been in business for awhile, is licensed and charges a flat-fee (rather than a commission). You can check with your State Attorney General to see if any complaints have been filed against an advisory service, which will protect you further.

Your local newspaper will probably report on investing tips in the “Money/Economy” section, so try to read up on the latest headlines. Once you begin investing, you’ll want to keep an eye on how your stocks and other investments are performing. You’ll want to understand where to check, what to look for and how to know if you should stay or go. Most Americans invest for the long term, so they don’t need to panic every time a stock loses some money. Once you begin to earn on your investments, most of the money lost will just be extra money that you’ve accrued over time anyway.

Rene Lacape is a well trained insurance broker. He has been handling many kinds of insurances for the past many years. He still does well in his chosen field and is sure to help more people who will need his expert advice. Contact him now.

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