Whether you’re investing on your own, via a brokerage account or with a robo-advisor, you should start by specifying your financial goals. This will help you focus and keep you from getting distracted by the latest market headline or an email with a new investing tip. It also helps to determine your risk tolerance, which will dictate the type of investments you can make. If you need access to the money within five years, for example, it may be best to stick with short-term investments like money market accounts and certificates of deposit.URL :theinvestorscentre.co.uk

How to Start Investing Today and Build Long-Term Wealth

You should also assess your current financial situation, including any outstanding debt and your emergency fund. Investing is a marathon, not a sprint; you want to be sure that you can afford the journey without jeopardizing your long-term financial security.

The best time to start investing is as soon as possible, thanks to the power of compounding. Even if you can’t afford to invest much right now, putting a little bit away regularly over time can help your savings grow.

However, it’s important to take care of more pressing financial priorities first, such as paying off high-interest debt and building up an emergency fund. And be sure to do your research and seek the advice of a financial professional before making any investment decisions. Then, once you’ve set up an emergency fund and a diversified portfolio of low-cost index funds, commit to the process and be patient — as investing requires longer-term time horizons than saving.