5 Surprising Facts You May Not Know About Investing
If you have already started your investment portfolio you have probably learned a thing or two about investing. One thing you probably know is that you don’t have to be an expert to invest successfully. Another might be that the younger you start the better. But despite these facts there may be other surprising facts you may not know about investing.
1. It Can Be Fun
Most people think of investing as boring. However, you may be surprised to know there are ways you can invest and have fun doing it. For example, you can use your cell phone to track investments and check on your portfolio. You can also gain valuable investing information from others by using social media.
Another way to make investing fun is to turn it into a competition with a friend or relative. To do this fairly, each person should invest the same amount of money when first starting. The investments can be in different things to make it a more interesting challenge. Then, each person should check their portfolio at certain times and compare to see how it’s going.
2. You can Theme Them
It may surprise you to know that you can theme your investments. When you have certain values you are passionate about, such as environmental protection, you can build your portfolio around them. Of course, you can do this on your own or through the help of a robo-advisor or professional advisor. No matter which way you choose, this is one way you can invest and have an impact in areas that you care about at the same time.
3. You Can Pass Them On
Surprisingly, some investments can be passed on to your children or other beneficiaries if you should die unexpectedly. When you fill out paperwork for a 401K retirement plan, for instance, you can name beneficiaries. Reviewing this information from time to time is important because it can supersede anything written in your will.
4. You Can Invest as a Gift
Did you know you can give someone the gift of an investment? This is something that surprised me until I found out about it. But investment gifting is a great way to show someone how much you care about and value them in your life. One way to do it is to invest in stocks through a robo-advisor. Your initial investment will provide much greater returns than if you simply purchased bonds for them. Additionally, you can purchase stocks for different aged people. It is possible to do on your own or through a firm of you own choosing.
5. It Can Be Done with Limited Funds
Lots of people are surprised to find out that it doesn’t take thousands of dollars to make thousands of dollars. What it does take is time and desire. For instance, if you were to stop buying lunch at restaurants every day you could probably save around $100 per month. By investing that $100 each month instead of spending it, you can easily build up your retirement savings for the future.
The more you read about investing the more you may learn surprising facts you may not know about investing. Knowing some of these surprising facts can make a difference to your future.
Have you recently learned of some other surprising facts you may not have known about investing beforehand?
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