Where should you invest EGP 500-EGP 10,000? In your future!
This relatively little amount of money can have huge returns in the future, but I’m not talking about monetary returns.
In the beginning, don’t worry about making returns too much because like with any other new thing, you’re still learning.
Experience is more important than money Focus on the learned lessons in your investing journey, whether by directly investing or simply monitoring market developments on the micro & macro levels. Investing isn’t only about making money, and if for you it is, then you’re not made out for it.
It only takes a month or two to notice a difference in your confidence level in investing. That will come by just talking with people about the subject, & there are multiple online groups for that. These learnings can have compounded benefits in the future.
Don’t take investment advice as a given You are the average of every five people you surround yourself with. So don’t take their investment advice/recommendations as a given. Always look to learn more & learn better, & that happens by surrounding your investing networks with more, & better investors.
Remember you can’t outsmart the market If you don’t do your homework you won’t succeed. Period. You must put in the effort to learn & do your own research so that you’re able to identify companies with added benefits to the community. It must be a company you’re proud to say you own a stake in.
Don’t get knocked down easily, take it as a learning opportunity, & try again!
* This article was not written by Thndr and does not constitute investment advice. You should do your own research before making investment decisions.