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Shares Made Simple: A beginner's guide to the stock market by Rodney Hobson

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Chapter 14: Starting Out

First – study yourself

It can be a daunting prospect to invest in the stock market for the first time so it is very important to do your homework. Start by studying yourself.

Only you know what you can afford to invest, what risks you want to take or can afford to take, whether you want to invest for the short or long term and whether you want a steady stream of income to live on or to store up wealth for the future.

Before you invest, sit down with pen and paper and note your income and all your outgoings, including food, clothing, entertainment and holidays as well as any mortgage payments, utility bills and any monthly instalments on furniture or electrical appliances.

You should consider owning your own home ...

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