Leslie Griesdorf is a semi-retired investor who left his decades-long dentistry career in 2004. Leslie Griesdorf enjoys learning about the stock market and often provides advice to friends and family who ask him for his investment opinions.
Like many successful investors, Leslie Griesdorf didn’t start his stock market career directly out of college. Instead, he built his dentistry practice, saved, put money into retirement and then began investing in stocks. If you’ve similarly prepared, with a stable career, a substantial emergency fund and a secure retirement plan, you’re ready to take your first investing steps.
Below are some ways that a seasoned investor might suggest you begin your investment career:
- Find a Professional
Even professional investors seek advisement. Find a financial professional that you trust and establish a working relationship. You don’t have to do everything your investment advisor recommends, but you should ask for his or her detailed opinions of your financial choices before you make them, and consider the information you are given.
- Diversify from Day One
A diverse portfolio is secure. As soon as you begin investing your wealth, you should have a diversification plan and follow it carefully. With assets divided before multiple sources, you will protect your wealth and potentially grow it more. Regular diversification check-ins are necessary, too.
Take a page from Leslie Griesdorf and use caution with your investments. Never rush in to anything and research every choice before acting, regardless of how strong your gut feeling is.