I’m new to investing and don’t really understand the ramifications of inflation and deflation. I would like to position myself to minimize loss regardless of what happens. Any tips?
Dear Novice Investor,
I am not a professional investment advisor but can give you some Biblical financial principles that will help you get started on a solid foundation.
1. Investing involves the risk of losing money. Be sure you have an emergency savings account in place before investing money. Don’t invest any money that you cannot afford to lose.
As my friend, Vince Birley says, if losing money makes you upset, maybe you need to give it away instead of investing it.