Chapter 1

Getting Yourself Ready for Online Investing

IN THIS CHAPTER

Bullet Analyzing your budget and determining how much you can invest

Bullet Taking the basic steps to get started

Bullet Understanding what returns and risks you can expect from investing

Bullet Getting to know your personal taste for risk

Bullet Understanding your approach to investing: Passive versus active

Bullet Finding resources online that can help you stick with a strategy

Before doing something risky, you probably think good and hard about what you stand to gain and what you might lose. Surprisingly, many online investors, especially those just starting out, lose that innate sense of risk and reward. They chase after the biggest possible returns without considering the sleepless nights they’ll suffer through as those investments swing up and down. Some start buying investments they’ve heard that others made money on without thinking about whether ...

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