From the course: Developing Investment Acumen
Join today to access over 22,600 courses taught by industry experts or purchase this course individually.
Allocating your money
- For many investors, figuring out where they should put their money is a tough question, and it gets even more complicated when you bring risk into the conversation. So here's five guidelines to help you make investing decisions. Number one, don't risk money you can't afford to lose. When you're first investing, and you don't have a savings buffer, or if you're saving for something really important like a deposit on a house, don't put that money into risky investments. Be patient with those investments. Look for high quality bonds, blue chip stocks, and preferred stocks. That'll give you an income for interest or dividends and have less chance of losing value. Number two, risk money you can afford to lose. Over time, your income will grow, your savings will increase, your investments will gain in value, and you will gain investing experience. When this happens, you'll be better able to handle losing some of your savings. This is why some investors preach increasing your exposure to…
Practice while you learn with exercise files
Download the files the instructor uses to teach the course. Follow along and learn by watching, listening and practicing.
Download courses and learn on the go
Watch courses on your mobile device without an internet connection. Download courses using your iOS or Android LinkedIn Learning app.