They say that money can't buy happiness but they also say that it's what makes the world go 'round. While you don't need to be making the paycheck of Bill Gates or a Hollywood celebrity to survive it is always nice to see your money grow as you work hard and move throughout your life. For the average person this means taking advantage of that employment insurance refund or bonus at work when it comes around and starting a smart if small investment portfolio. But how do you make intelligent choices when it comes to investing your money? There are so many different paths to take and while there are some guarantees we all know that some roads are safer than others.

The first rule to investing is to never spend money that you can't afford to lose. When you take a trip to the casino you don't bring your rent check with you and you should have the same sense when you're entering the market. You could be putting your money into inverse ETFs or building investments through a mutual fund and you still want to make sure you are not left with nothing if things do not go in your favour. This means you might have to save up before starting to invest.

Sometimes the slow and steady wins the race. Those that are turning their thousands into millions over night are always going to be the rare case when it comes to investing. There are all sorts of schemes out there designed for people who want an easy solution when it comes to making money and you don't want to get caught up in one of them. Whether you're looking to invest in real estate or buy stock in a company make sure you do the proper amount of research and know about the company and its owners. Tried, tested and true might be better than new and exciting.

You should definitely get some advice from a financial expert before starting any investment plan but should never implement their suggestions without first deciding if it's right for you. When looking at all of the different investment possibilities out there some experts always tend to suggest the same venues for new customers. If you're interested in putting your money in certain companies than you can still do that after being told to put your funds in oil or gold.

Mutual funds can be a smart choice for those first starting out in investing. This is something you can research yourself and the money usually grows quite steadily if slowly. You should look for low expense ratios and prepare to see this as a long-term investment. This is a plan that works with many lifestyles, whether you're a newlywed couple just starting out or are currently refinancing. Should you live in the GTA and need to discuss refinancing, rates and options regarding mortgages in Toronto, be sure to call the offices of Morcan Direct. They have been doing it for years and come highly recommended.

Copyright (c) 2008 -