We all live busy lives. Work, family, social, fitness, friends… you name it, we can fit it in.
But when it comes to our financial future, all too often we’ll “get to that another day”. A mentality that pushes back the potential for us to get out from underneath the weight of our current financial situation.
Here is a range of tips and techniques to allow you to start trading sooner – from getting upskilled and setting your goals through to ensuring that although you are investing, in a way that doesn’t impact your current or chosen lifestyle.
First: Set your investing goals
When it comes to the share market, it is never too late to start investing, its also never too early, you just need to start from somewhere.
Like any business you need a plan, a strategy or objective, so you can pave the roadmap to get you where you are going.
For example, if you are in your mid-thirties, you have a stable job, you have some savings for a house and you are looking to diversify your investments slowly for the long term, your goals would be different to someone in their 60’s on the road to retirement.
It is important to understand what you are looking to invest for – whether it is for the long term, short term, to live off dividends, enjoy capital growth – focus on whatever your investment decisions will be based on these goals.
Second: You don’t know what you don’t know
Thanks to the Internet, we have never had as much access to information and ‘supposed experts’ on a whole range of topics. It’s ok to not understand much about the share market and trading, after all, unless you went to university and worked in the industry as a trader, how would you know what the share market and investing was all about.
It is important to be honest about where your skills and capabilities are now, as that will allow you to set realistic benchmarks for you and your training and education for your financially savvy future.
Finally: Getting financially educated
With your financial goals in mind and an honest view of where your skills and capabilities are, it is now time to look at improving your financial literacy.
Your education all depends on your learning style, you may be an online learner, you may want a classroom environment or maybe you want one-on-one sessions. Focus on your personal preferences on how you want to educate yourself when it comes to the share market.
A self-paced course such as Smart Money Company’s Share Trading and Investment Course is a perfect example of an affordable online course.
Run by industry professionals, with video content, written workbooks, and online work, the course is perfect for those who enjoy going through modules, reading materials, and visually reviewing their learning materials.
Other courses in the Smart Money Series include Trading Margin & FX, Advanced Charting and An Introduction & Trading Courses for CFDs. All offer a wide range of information laid out for you to self-learn and develop at your own pace.
While this may suit many people, especially Gen X, Y and Z who are used to online learning platforms, you may be someone who wants to sit in a workshop, or prefers a one-on-one scenario. Smart Money Company offers all these to its clients.
What to look for in an online share trading course
If you have decided to take it online, then there are a few elements that you need to be aware of.
- Is your training organisation reputable? Do they have a good name in the industry, real client testimonials, even ask if you can talk to a past or current client to get an idea of what you are buying?
- Do they have a free trial or tour? You should be able to lift the hood and take a look around. You need to ensure that what you are purchasing is what you expected, within your capabilities and will help you achieve those ‘goals & objectives’ we spoke about earlier.
- Is there future value in a relationship with the company for your financial education and services? By that we mean, is there future opportunities for the people providing you with the course or education to add value to your financial future down the track in terms of services, advice, training or other means? Could they become part of your extended ‘financial network’?
- Finally, can you afford it? There are many courses out there that cost a lot of money, with little to no guarantee of the outcome. You need to ensure that you find a course that suits your outcomes and budget.
Smart Money Company offers a range of online, in-person education programs & workshops, SMSF administration and share trading services for people looking to start investing or current investors looking to improve or enhance their investment journey.
Speak to the team today on 1300 161 499 to start share trading sooner, get an online or in-person course that suits you, establishing the foundations of the financial future you always wanted.