Chapter 1
Getting Yourself Ready for Online Investing
IN THIS CHAPTER
Analyzing your budget and determining how much you can invest
Taking the basic steps to get started
Understanding what returns and risks you can expect from investing
Getting to know your personal taste for risk
Understanding your approach to investing: Passive versus active
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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