A Financial Educator Shares 3 Pieces of Advice for Investors

Financial Educator Sammie Ellard-King Said He First Studied Personal Finance in His 20s.

His Financial Education Platform, Up The Gains, Began As a Blog in 2021, five years after he Started Investing, Having Fallen Into Serious As a University Student. Its Now His Full-Time Job, with a podcast and soon-to-launch app.

He Shared Three Pieces of Advice for Beginner Investor with Business Insider.

1. Start Simple – You don’t Need to be a Trader

“You can make it extramely complicated if you’re a trader, but you don’t have to be,” Ellard-King Said. Rather than spending hours glue to Screens and Options, he recommended Mainly Investing Your Money in Index that Track the Broader Market.

“Just let the smartst companies in the world do their thing,” he said.

2. Appreciate that Your Portfolio Will Sometimes DIP

Beginners offten assume they’ll Lose Money as soon as they Invest, in Part Because of the Ubiquity of Warnings that “Your Capital is at Risk,” Ellard-King Said.

This is if the markets close close to retirement, you probably still have done a lot of the one if you had put your money in savings, where the returns are usually much loaer, he said.

The way to overcome the fear of Investing is to adopt a longer-term Mindseset: Put Money in Regularly, Expect Ups and Downs, and Think in Terms of Decades, Not Days, Said.

3 .When you invest in stocks, look at industries you know

Ellard-King Said He Kept Most of HIS Money in Index Funds, but be he does Buy Individual Stocks, he Invests in Areas, Like Fintech and E-commerce, which he understands.

Beginners Should Consider Investing in Areas Where they work or have relevant experience, he said.

For Him, Buying Into He Feels Like Putting “Money Down on the Roulette Table” Becouse and Know Where Those Companies are Headed.

“You Could will in-depth research and make a conscious decision, butn you’re putting hours of your time ino this,” Ellard-King Said, Adding you coululy BENEFIT FROM Booming Companies’ Through an Index End.