We all know that one of the important things that can increase your assets is to invest. You may have started investing right now and as a young investor, you may just think that you will just have to wait to increase your accumulated assets but you still have to know these things:
1.Understand the Value of Compound Returns
Start to think of early retirement plan as now. The rate of return represents the cumulative effect that a series of gains or losses have on an original amount of capital over a period of time so, the earlier you start investing, the more money has to grow.
2. Familiarize yourself with Retirement Accounts
It’s important to understand the basics of retirement accounts and advantages they offer to investors.
3. Financial Discipline
Instead of buying of material things why not try to save your money and invest it by just following this powerful formula: Salary – Savings= Expense. Every cent counts every time you spend.
4. Reinvest those Dividends
Instead of buying the dividend checks, invest it and buy more shares to double the assets.
5. Stop checking your investment every day
This might be tempting to do but you have to control yourself for investments may go up and down, this will only stress you out.
6. Learn about commissions, fees and taxes.
Fees for investment counsel and advice, including subscriptions to financial publications,IRA or Keogh custodial fees, if paid by cash outside the account,Software or online services used to manage your investments,Safe deposit box rent, if used the box to store certificates or investment-related documents,these are just some of the fees for your investments
Source:http://www.wisebread.com/11-investing-tips-you-wish-you-could-tell-your-younger-self
