Member-only story

Do you want to make your first investment in the stock market?

Desiree Peralta
3 min readMay 1, 2020
Photo by Carlos Muza on Unsplash

When we start saving money, one of our first thoughts is to invest in the stock market even if we don’t know how to do it. But we need to be careful with this, the stock market can be a nightmare if you don’t know how to invest. so if you are planning to invest your money, here are some recommendations:

1. Order your personal finances

Before making any type of investment, you should order your personal finances. If you learn to manage your money in a disciplined and constant way, you will learn how to manage the market. Make a monthly budget taking into account your income and expenses, so you will know how much money you can use to invest.

Also, is recommended before making any investment you pay off the debts you have.

2. Investigate and ask

Nobody borns knowing. One of the first steps that you need to do when you want to invest your money is research. You can check blogs and posts, official investment portals of your country and ask agents who interact in the market.

It is a good option if you can research the products that could be an option for you. If you have the resources to hire the services of a professional advisor, then good, but it’s not strictly necessary. In this…

--

--

Desiree Peralta
Desiree Peralta

Written by Desiree Peralta

Turning ideas into reality. Programmer by profession, Writer by passion. Finance and business advice. | Weekly money advice https://dessyperalt.substack.com/

No responses yet