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Advice For Young Investors Part 2

In the last post, we looked at ways in which a young investor can get access to great advice. We explored the possibilities of getting a Mentor or Wealth Coach, and also had a look at Investment Homestudy programs too.

Sometimes it seems just to hard when you are starting out on your investing career. Here are some great ways in which you can kick start your investing so you can begin sooner rather than later.

1.Sell something. You must have something around your home that you don’t use any more. We buy so much junk these days you probably have plenty to get rid of. That second television that you don’t watch, or even that second car that sits in the drive. Maybe you have a spouse that sits around doing nothing, you could sell them (just kidding).

2. Borrow money. If you have a good eye for opportunity and are great at risk management, then there is no reason why not to borrow money to invest with. As long as the return on your investment is higher than the interest you are being charged, everything will be OK. As I just mentioned, you would be best to buy into an investment that is completely protected. There are plenty of strategies around that offer complete capital protection, you just have to know where.

3. Equity. So you own your home or even part of your home. Then don’t let that equity sit there doing nothing. Get a Line Of Credit against it and put that money to work hard for you. Imagine doing covered calls on a share portfolio of $100,000 every month. That will bring you in about $3500 every month for just one phone call.

In our next post, we will look at some more ways that a young investor can kick start their investing career.

Written by Clint Maher - Wealth Creation Website
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