“Investing is a way to set aside money while you are busy with life and have that money work for you so that you can fully reap the rewards of your labor in the future. Investing is a means to a happier ending,” so says Investopedia.
Warren Buffett defines investing as “…the process of laying out money now to receive more money in the future.”
Investopedia also offers a few things to remember about investing.
1. It’s defined as the act of committing money or capital to an endeavor expecting additional income or profit.
2. Unlike consuming, investing earmarks money for the future, hoping it will grow over time.
3. However, investing also comes with the risk for losses.
4. The most common way for beginners to gain investing experience is in the stock market.
You need to know how money works and realize why you want to invest. In addition, knowing how the market works helps you set realistic goals for your money.
According to Josh Brown, CEO of Ritholtz Wealth Management, “New investors need to worry less about which stock to buy and more about why they want to invest. Understanding why you want to invest can help you determine a level of risk that you are comfortable maintaining.”
Your reasons for investing may be different from your neighbors or even your siblings, but they’re important for you to know. You may be investing for retirement, planning to support a worthwhile cause or even a shorter-term investment saving for a vacation or special event.
Realizing the risk that comes with the potential higher gains allows you to better plan your investment strategy. It’s a good idea to know your investing style. Some investors want to have an active hand in managing their money’s growth. Others prefer to “set it and forget it.”
Hands on or active investing requires a lot of knowledge. You’ve really got to know the ins and outs of the market before you can pick the stocks you want to invest in.
As Brown puts it, “Lots of people start with, ‘Is Google better than Apple?’ But that’s the junk food and there’s nothing wrong with it. The vegetables, the protein, that is understanding money, understanding why you need to put it to work.”
It’s a good idea to know your risk tolerance for “set it and forget it” investing. You can then allow the technology of automated trading software to trade on your behalf.
Algorithmic Trading Software
iFlip’s A.I. SmartFolio technology uses a complicated analysis on your stock positions to make daily trading decisions for you. These are made based on risk and profitable future results, acting with intention.
This isn’t robo trading, online financial advisors or robo investment advisors. iFlip uses the best algorithmic trading software for desktop and mobile stock trading.
As iFlip co-founder and CIO Kelly Korshak explains, “iFlip is an artificially intelligent platform offering SmartFolios which contain algorithms that create the buy and sell signals for us based on risk reward and probability. iFlip is constantly investigating new potential upside opportunities in the market.”
A.I. (Algorithmic Intelligence) analyzes market risk, then performs a buy, sell or hold order, if it sees long-term profitable results. A done-for-you solution, these SmartFolios allow you to “set it and forget it.” You’re not required to login or understand how the stock market works.
You can learn more about iFlip’s A.I. SmartFolios in this short video. Then click over to iFlip to see how easy it is to start your investing and personal retirement planning journey.