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Five tips for getting started as an investor

Nov 17, 2020 | Financial

If you’ve been thinking about investing on your own, but just can’t seem to push the “buy” button to make that first trade, you don’t have to do it alone. Many self-directed investors have come before you and learned along the way.

To help you get started, check out these tips for beginner investors at RBC Direct Investing:

1. Don’t rush. Start slowly and learn from other people’s mistakes, rather than your own.

2. Ask a friend or family member to help you learn. Having someone you know by your side when you’re starting out can be a good confidence-builder.

3. Do your research. Look into investing options that interest you and keep up to date with investing news and resources.

4. Don’t make emotional decisions when you’re investing. Understand why you’re making a choice, ensure it’s the right option for you and be confident – but leave emotions aside.

5. Know that there will always be some wins and some losses in investing. Keep your big-picture perspective and longer-term goals in mind and think of investing as a marathon, not a sprint. This can help you keep calm and carry on during the inevitable ups and downs of the market.

Find more investing inspiration at rbc.com/inspiredinvestor.
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