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Before you do any investing make sure you get educated first. by iskafan

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· @iskafan ·
$15.41
Before you do any investing make sure you get educated first.
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Investing is a field where it's easy to get lost in a forest of numbers and jargon. There are so many different strategies and methods of investing, it can be hard to know which one is right for you. On top of that, there are so many different options out there: [stocks](https://leofinance.io/@leoglossary/leoglossary-stocks), [mutual funds](https://leofinance.io/@leoglossary/leoglossary-mutual-fund), [bonds](https://leofinance.io/@leoglossary/leoglossary-bond), [crypto](https://leofinance.io/@leoglossary/cryptocurrency)... the list goes on.

The best way to get started with investing is by educating yourself first before even considering any [investments](https://leofinance.io/@leoglossary/leoglossary-investment). Once you're educated on the basics and how stocks work, you'll be able to make an informed decision about what kind of investments are best for you.

## Before you make any investments, it is vital to get educated

Before you invest in a company, you need to do your research. This way you are confident that you will make a worthy investment.
![image.png](https://i.imgur.com/B2R25w3.png)
[Source](https://pixabay.com/es/illustrations/financiero-dinero-libro-gu%c3%ada-3268440/)
By doing your research you will understand what you want to invest in, who the [business](https://leofinance.io/@leoglossary/leoglossary-business) is and how it operates, and whether it’s worth your time and [money](https://leofinance.io/@leoglossary/leoglossary-money). You will also be able to ascertain that you are not investing in a company just because you have some pre-existing bias for the company or product.

Before investing in any stock, you should be aware of the company's business and industry. For example, if you invest in a tech company, it is important to understand how revolutionary the product or service is, whether there are competitors that could steal [market](https://leofinance.io/@leoglossary/leoglossary-market) share from your investment, and what the overall growth trend is for that industry.

Investing in stocks can be a daunting task for beginners as they want to make sure that they aren’t going down the wrong path. It takes time before you can even start making good decisions about what stocks are worth [buying](https://leofinance.io/@leoglossary/leoglossary-buy) into and which ones may not be worth your while.

Getting educated before investing is important because there are many risks involved. It is up to you to decide how much [risk](https://leofinance.io/@leoglossary/leoglossary-risk) you want when investing.  If you know that Investing too much of your money may lead to the financial instability that could lead to losing all your savings, then you can retrace your steps.

It is not enough to invest in stocks. You need to know the business and industry to avoid any risks.  

## Invest in yourself and your financial education too. 

Investing in yourself is important for your investing success. Invest in your financial education by taking a few personal [finance](https://leofinance.io/@leoglossary/leoglossary-finance) classes to learn about things like [taxes](https://leofinance.io/@leoglossary/leoglossary-taxes), budgets, retirement planning, and more.

We cannot depend on the [government](https://leofinance.io/@leoglossary/leoglossary-government) or [financial institutions](https://leofinance.io/@leoglossary/leoglossary-financial-institution) to do the heavy lifting for us. One of the most important investments we can make is in our education.

Investing in ourselves and getting educated first is one of the best decisions we can make for our future. It enables us to be better informed when it comes to investing and taking care of our finances. 

Ironically, many people choose to invest in their financial future but they don't invest in themselves first.

It's important to understand how the [economy](https://leofinance.io/@leoglossary/leoglossary-economy) works and make sure you know what you are investing in. You’ll also want to know where your money is being invested (stocks, [real estate](https://leofinance.io/@leoglossary/leoglossary-real-estate), etc.) and make sure that you have a diversified portfolio.

Investing in yourself means investing in your financial education. Knowledge is power when it comes to money! 

Investing in yourself is investing in your future. This can mean going back to school and getting an education, or investing in a new skillset that you might need for the future.

You can invest in your future by having a financial education. It doesn't have to be expensive or time-consuming, there are many online courses available that are suitable for busy people who want to level up their game.   

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@omosefe ·
>Before investing in any stock, you should be aware of the company's business and industry


Very important.  I know quite a number of people who have lost a good amount of money because they failed to do proper research. Even my aunt lost some money late last year because a friend told her about an investment scheme that could double her money in two weeks. It has been almost a year and she hasn't received a penny.
👍  
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@iskafan ·
I am sorry about your aunt's lost. I guess it's one of those Ponzi schemes that we Nigerians fall victims of. 
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@omosefe ·
Yes, it was. Thank you. 
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