Stocks & Shares
November 23, 2023
How Should I Decide What to Invest In?
Here are 3 quick tips for deciding which stocks to invest in!
- Invest in what you know. Don’t invest in a company you’ve never heard of before, or a sector you know nothing about. Are you really into gaming? Fashion? Food? Invest in industries and brands you use yourself, or know a lot about and those you are interested in following the latest news and trends on.
- Decide your risk tolerance. From there, you can decide whether a stock is risky or conservative enough for your portfolio (at Wombat – more chillies indicates a higher risk).
- Diversify. Make sure not to put all of your eggs in one basket – invest in several Themes, Companies, and industries to protect yourself from risk.