There are some core things to consider before you choose to invest.
While you do not want to overthink to the point of not getting started, here are some things to think about:
1. Never invest more than you can afford to lose.
No investment is 100% safe, but the flip side is that higher risk tends to offer higher potential reward.
2. Invest in what you know, like, and trust.
When starting, invest in things you use on a regular basis, companies that you agree with the ethics of, and that you feel are making the world a better place.
3. Use the Motley Food “snap test”.
If you snapped your finger and the investment disappeared tomorrow, would people miss it? This is a good sign that it will be around for a while.
4. Start small, grow over time.
It is very natural to start small and grow from there. Along the way you will gain confidence and start exploring other options.
5. In your mind, plan to be in it for the long haul.
Warren Buffet advises you invest in things you would be okay with keeping if everything were put on hold for 10 years.
Having a long-term mindset will help you stay calm as investment values rise and fall. And, most importantly, have fun! This is an adventure. Enjoy the ride!