Are Your A Wall Street Conservative?

Depending on the individual there are many different methods of investing, some risky others designed for long-term investing. There are thsoe of us who are risk takers, (somewhat of a gambler) who enjoy riskier investments with high upside potential. You might find this type of person labeled as a "day trader", moving quickly in and out of various positions as the market moves. Others invest conservatively, letting their money sit for the long term. We feel a blend of these two, depending on your personality, will allow the greatest opportunity to increase your nest egg.

While it is not the intention of this article to pass judgment, we feel a blend of the two is the best way to increase your holdings over time.

All of this wish to be part of the American dream, but none want that dream to turn into a nightmare. In order to ensure your success, first determine your own investment personality, your bankroll, your short-term and long-term goals. Understand that no matter who you are, or what you've learned, there will always be winners and losers, that is simply the way the market works. If you're on a loser, get out fast and live to invest another day.

Our positions will rise and fall based on the economic and global climate, or possibly because of a small investment mistake such as jumping onto a "Buying Frenzy" too late, then watching it tank. Rather than beating a dead horse, learne from your mistakes and live to invest another day.

Here are a few guidelines...

one of the key points an investor must determine is how soon they require the return of their capital. Some will be investing for the long term, others will be hoping for quick gains, and the ability to use these gains to enhance their lifestyle. This is certainly an indication of your investment personality, and whether you're willing to do the necessary research to buy quality stocks before everyone jumps on board.

Do you have a particular area of the market that interests you such as CDs, mutual funds, currencies, commodities, or blue chips? If you have a particular area, it's wise to become an expert, or be aligned with established experts in a financial niche. Again this will depend on your investment personaility.

FACTS CONCERING PENNY STOCKS: Penny stocks have great upside potential and should not be ignored by the investor. While high-pressure salesman have given penny stocks a bad rep in the past, there are many established companies, that began life as penny stocks.

The world of investing need not be difficult, but it will always be challenging. Before you invest your first penny, take the time to determine your own investment personality, your financial goals, and whether or not you plan to do your own research or be aligned with those who have proven research methods in place.

Once you've taken the time to take a good look at your own investment personality, we'd suggest you subscribe to a quality investment newsletters, seeking to learn as much as possible about your area of interest.

Once you've taken the time to decide on your investment strategy, personality, and goals, the first step is to establish and fund your brokerage account. By having this step in place, when the timing is right, you be perfectly positioned to move quickly and decisively.