2017 is near and all are set to celebrate it. Some had also established their New Year resolution as well. If you have not, make a resolution that you will invest well in 2017. Here are some tips that will help you make better investor in the next year.
Invest only beyond your IRA and 401(k) if you are already making a payment to the extent that you are allowed to
Experts say that you should only pay beyond your IRA and 401(k) if you want to max out your retirement account. It is not wise to pay extra.
Avoid over involvement on daily market volatility
Trainee investors are effortlessly inclined by movement in daily market. Do not fall for this, especially if you are in your late 20s or early 30s. This will have serious effect on your retirement money.
Understand your portfolio before making a new investment
In short, invest with a whole background of the situation and that too within your limits. Ask yourself: If the investment is right? Does it fulfill your expectations? If the answer is positive, then go for the deal. Else, we would suggest stepping back. Failing to do so, you will either end up losing your money or suffering a great loss.
So friends, did you like the tips? Do you think they are beneficial and will help you make a better investor? Do comment your thoughts and share your views. Also, let us know if you have any more tips regarding the same topic.