How to Invest Money by Yourself

Video Transcript

"This is financial adviser Patrick Munro talking about how to invest money by yourself. Investing money by yourself without the assistance of a broker or a bank is a challenge that many have met. If you're going to invest by yourself, it's important to be knowledgeable about the factors and areas of the places that you intend to invest. Try to first establish what your risk tolerance is going to be for the amount of investing that you do have. Make sure that your household budgets are moving smoothly and that you have excess money leftover to invest. And if you lost the money from that investment it would not hamper your current lifestyle. Then of course when you decide to set out in a direction depending on your risk tolerance, try to find the different levels of investment that would suit that risk tolerance. If you are a risky individual you can go into high tech stocks. If you are not risky, you may want to setup a bond portfolio or if you're very conservative, setup a tiered level system of certificates of deposit with a bank. So again, it's all about risk and it is possible for you based on the knowledge and the time that you take, to make yourself aware to become available to learn how to invest dollars by yourself. This is financial adviser Patrick Munro."