Tips for New Investors; By Robert Karofsky

1. Tips for New Investors
By Robert Karofsky

2. With the advent of the Internet, novice investors have access
to vast amounts of financial information that was once
available only to the most experienced experts. However, the
plethora of information poses its own challenges to individuals
seeking to enter the investment world. As such, new investors
should remain vigilant about certain basic rules.
The following tips represent a few important things to do, or
not do, when it comes to investing:
1. Do learn about online investment fraud. As with many
things in life, if it seems too good to be true, it probably is.
Online scammers will never stop working to improve their
tactics. Thoroughly investigate all online investment options
before spending money.

3. 2. Don’t do business with someone you don’t know. Scammers
don’t exist solely online. They come in all shapes and sizes—
including in person. Make sure your investment planner is properly
licensed and readily provides you with references before you do
business with him or her.
3. Do become an educated investor. Learn the basics of
economics, understand investment terms, and take classes. When
choosing a particular company, learn about its history and past
performance. Again, with so much information available, there’s no
excuse for remaining ignorant when it comes to spending money
on investments.
About Robert Karofsky: A graduate of the University of Chicago
Booth School of Business, Robert Karofsky is a respected financial
services executive.