Michael T. Haas - Understand Investing Before You Start

Michael T. Haas is a venture capital investor and an international businessman who has been in the industry for more than a decade. He has years of investing experience and, like many seasoned pros, he often makes the industry appear simple and easy to navigate.

In truth, investing is far from simple, despite how effortless investors like Michael T. Haas can make it seem. These pros only make it look simple because they understand points like those outlined below:

• Online Investment Programs Exist – Online investment programs, known as robo-advisors, are designed to use algorithms that take all of the work out of investing. All you need to do to use one is open an account and deposit money. From there, the robo-advisor will establish and maintain a diverse portfolio in your name.
• Investing Gets Emotional – Money almost always creates emotional situations. Investing can make you stressed and impulsive if you aren’t careful, and allowing these emotions to invade can lead to a higher-risk portfolio.
• Set It and Forget It Isn’t Forever – Eventually, you must make financial adjustments and break the “set it and forget it” rule. Life happens, and sometimes this means touching your investments sooner than you had planned. Even if everything goes according to plan, though, know that you will eventually have to change your portfolio.

The information above is nowhere near everything you need to know before you begin investing. Instead of approaching the industry alone, consider seeking mentorship from a professional similar to Michael T. Haas in your area. With help from an experienced investor, you can approach the field with more certainty, and in less time, than you otherwise could have.
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