When under the mattress simply isn't good enough any more
By: CM Trading
Firstly, it's very important to remember one simple truth – every single day that your money sits in the bank, is a day that it's actually costing you money. "Your funds will give you absolutely no returns sitting tucked away in your bank account, in fact, it's safe to say that you're losing money with each day that passes," Says Daniel Kibel, Director of CM Trading, an award-winning online trading company with a reputation for their out-of-the-box approach to investment opportunities. So, whatever direction you decide to take, it's really better than the one your money is headed in right now. Instead of letting your money slowly but surely deplete in a bank account, why not consider investing it, because although it might be risky, it could potentially be the beginning of big things for your cash flow.
You may feel that you don't have enough funds to make a substantial investment, but this shouldn't be something that stops you says Kibel. "Although you may only have a small amount to invest, take some time, do some research and decide on your own personal level of risk. No amount is too big or too small, the important thing is to make sure you're armed with adequate knowledge about what you're investing in."
Kibel offers two tips for potential investors. Firstly, concentrate on what you know and understand. Whether it be trading the dollar against the rand or dabbling in gold, for example, go for something that interests you. Secondly, and this is especially pertinent for those new to investing, it may be a good idea to adopt a "copycat" approach. This is the ability to copy traders from all over the world. Choose to research their trading history and follow their patterns. Many online trading companies, CM Trading being one of them, offer copycat programmes as part of their service, which could offer the perfect way for you to get your foot in the door.
Knowledge truly is power, and when it comes to investing, the power is ultimately in your knowledge. Take hold of the future you dream of, by learning, researching and taking advantage of every tool available out there that allows you to master your money.
The Lime Envelope