The age old question-When is it right for me to start investing my money? The answer can be broad and subjective. However, the main answer is that investing in stocks is always a good thing to do.
First of all, lets take a look at a person with debt. A person with debt wants to look at their total interest percentage. For example, if my credit card debt had an 11% interest rate attached to it, I probably wouldn't want to begin investing in stocks. Unless I earned over 11% in the stock market, I would be losing money to my previous debts. It is important to take a careful look at the percentages and assess your own stock investing ability. Perhaps you are confident that you'll make over 11% in the stock market, then maybe try one month of investing to see how it goes.
Another situation may arise when your young. This could arguably be the best time to start investing! When you are young, the growth of your investment practically multiplies. Its just like getting a head start during a race! However, even if you have waited into the later parts of life and still haven't began investing, it is never too late for a little investing and stock talk.
In conclusion, its very important to assess your current situation. If you feel like you are financially stable enough and mentally ready to begin investing, then grasp the moment and begin! There are many resources out there, one of which I have included for my readers. Best of luck to you all with your investing careers!
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