How to Find Good Investment Advice

Investing is one of the best ways to grow your money so it can help meet financial goals, pay down debt, fund retirement or even get you out of a jam when you need some extra cash. But the amount of investment advice out there can be overwhelming — and some of it may not work for you or your specific situation. This link theinvestorscentre.co.uk

Good investment advice starts with understanding your capacity for risk. Consider how you feel about losing a portion of your money, and use this to guide how much you put into higher-risk investments such as stocks or stock funds. This will help ensure that you don’t risk more than you can afford to lose, and that your portfolio is diversified enough to limit your losses.

Expert Tips for Investing in Stocks and Shares

You should also look for businesses that have high returns on invested capital, and try to avoid companies that rely on “moats” such as the potential to make a new drug or find oil. These may be attractive but can easily turn into a bubble when the market gets excited about a new idea and prices quickly climb. Warren Buffett has said that he’d rather buy a wonderful company at a fair price than a fair company at a wonderful price, and this is a great piece of investment advice to keep in mind.

You can also seek out good investment advice from a registered financial advisor, who is required to operate under a fiduciary standard that requires them to put their clients’ interests first. You can also seek out advice through online brokerage accounts, which often offer articles, videos and tools for free, or for a fee depending on the services offered.