Investing for the First Time? Key Challenges and How to Overcome Them
Managing money itself is a big challenge. The problem with saving, investing, money management and planning for the future is a common talk of the town, widely discussed and debated. However, many people don’t invest, either because they think it’s risky or because they don’t understand it. Inflation is one factor that can erode most of the lower return conservative investment instruments in the long run. Most investors make decisions based on the nominal rate of return without knowing the real rate of return. Hence, one needs to have a proper investment plan which can survive inflation and other such factors disrupting their financial goals.
Here are some of the challenges that first-time investors struggle with:
Lack of thorough knowledge- This has caused investors to lose money before making any. Many ordinary investors do not know the reasons why the stock price is going up…