If you are just getting into investing your money, everything can seem a little daunting. Here are some tips to help you get started.

1. TIPS FOR
FIRST TIME
INVESTORS
PENNINGTON CAPITAL

2. Brush Up on Financial Terms
If you are just getting into investing, any advice may read like
gibberish. Be sure that you understand a broad array of
financial terms, such as mutual fund and expense ratio, before
you put your money anywhere.

3. Begin with Familiarity
If you are first entering the stock market, it is best to start by
investing in companies you know. It helps to invest in
companies of which you are a regular patron, such as your
favorite coffee brand or clothing store.

4. Diversify
You do not want to put all of your money into one company. If
the company does not do well, your shares will become
worthless, meaning you will lose all that money. Be sure to
invest in various companies, and build out your investment
portfolio.

5. Consider an Advisor
Investing for the first time can be scary, and there is no doubt
you will have a lot of questions. You can probably find an
investment advisor at your bank to answer said questions if
need be.

6. Invest Through a Fund
For beginner investors, investing through a fund is the best way
to start. A collective fund is affordable and will allow an
investor to put his or her money into several different assets.

7. Buy a Fund Through a Supermarket
Platform
Buying a fund through a manager costs more money than it is
worth. Fund supermarkets are a lot less expensive, will allow
you to review your assets whenever you like, and will only cost
you a flat fee or a percentage of your investment.

8. Keep Your Investments Consistent
Feed your fund on a regular basis. This is the only way to have
the best chance to maximize your returns.

9. For more advice on investing for the
first time, go to MoneyWise.