![]() "Yes, bitcoin and crypto have done well, but getting in at the right time is prudent, as is knowing when to get it and how much to put in and when to get out," she says.Ī post shared by Lorie Dias on one’s own is not for the faint of heart. "It’s also very important to understand the tax principles when investing, as people tend to focus on management fees but do not check into what happens at the time of withdrawal."įor individuals who want to get into the market on their own, there's plenty they should keep in mind, Dias says, with the key one being that there are no get rich quick schemes. “A good insurance policy should be the foundation of your finances as your plan is only working while you are, but if someone were to pass away or get ill, it could be a major setback," she says. One of the biggest mistakes people encounter, Dias believes, is that they invest their money for the future, but don't take the steps to protect it. ![]() ![]() That way, you are ahead of the game, and if either fall, you still have your basket of eggs." However, it should be done slowly, and with your newfound knowledge, you can increase your investment."ĭias encourages people that “while you are learning, sit down with someone and have the other basket filled. "If you want to do some investing on your own and learn the ins and outs, that’s great. “I am a firm believer in never putting all your eggs in one basket," she says. While Dias says not all of her opinions may be shared by the companies she works with, she believes that people need to take charge of their own wealth. "The days of relying on your employer and the financial institution with which you bank to ensure the success of your investments are long gone." Whether you have a million dollars or two dollars, you should have your own financial advisor working with you," she says. “People are now reaching out to financial professionals to help guide them towards prosperity. ![]() Storyblocks - Saltwire networkįrom Dias' perspective, having a financial education isn't something just for the wealthy. While it's tempting to try do-it-yourself online investments, financial planners caution that there are no get rich quick schemes. "Taking matters into your own hands can be challenging, which could mean financial disaster," she cautions. ![]()
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