You May Be a Nobody, but You Have the Courage
A Guide to Getting Started in Investing from a perspective of a Novice
In this podcast episode, Vladimir Jovicic, a tech team member of UMushroom and a novice investor, shares his personal journey and approach to investing. The key insights from the podcast are the importance of understanding one's investor type, managing risk, and starting with simple investments like ETFs.
Vladimir's Background and Entry into Investing
Vladimir, with a background in languages and computer science, initially entered the investing world through cryptocurrency. He acknowledges that investing in crypto can be seen as gambling due to its volatile nature. However, his experiences in the crypto market sparked his interest in exploring more traditional forms of investing, like ETFs.
Importance of Knowing One's Investor Type
During the podcast, Vladimir emphasizes the significance of understanding one's investor type. This self-awareness allows investors to align their investment strategy with risk tolerance, goals, and values. By identifying their investor type, individuals can build a diversified portfolio that resonates with their financial objectives. Find out your own investor type by taking our quiz here.
Managing Risk and Starting with ETFs
Vladimir highlights the importance of managing risk when investing. He suggests starting with simple investments like Exchange-Traded Funds (ETFs). ETFs offer diversification and liquidity, making them less risky than individual stocks. This provides a solid foundation for novice investors to familiarize themselves with the market and mitigate potential losses.
Utilizing the UMushroom Investment Platform
Vladimir showcases the use of the UMushroom investment filters and comparison tool, as he demonstrates how to select ETFs based on various criteria. UMushroom enables users to filter ETFs by geography, sectors, and risk management preferences. This functionality empowers investors to tailor their portfolios to their specific investment goals and preferences. Try it out for yourself!
Recognising the Risks and Fees involved
In the episode, Vladimir and Tonia advocate for awareness of the risks and fees associated with investing. They stress the importance of thoroughly understanding the potential downsides and costs before making investment decisions. By being well-informed, investors can better manage their expectations and make educated choices that align with their financial situation.
Finance isn't as Difficult as Perceived
UMushroom aims to demystify finance by encouraging beginners to start small and learn gradually over time. We believe that investing is more accessible and manageable than it may seem. Through education, starting with simple investments, and building knowledge through experience, individuals can gain confidence in their investment abilities.
Investor Quiz and Roadmap
Umushroom helps you identify your investor type. By taking the quiz, investors can receive a personalized roadmap to guide their investment journey. This roadmap serves as a valuable resource for beginners, helping them navigate the complexities of investing and make informed decisions based on their investor type. Find out your investor type here.
Conclusion
Vladimir's journey demonstrates the progression from cryptocurrency to traditional investing, emphasizing the need to know one's investor type and manage risk. By starting small and being aware of risks and fees, beginners can overcome perceived complexities and embark on a successful investment journey.
If you want to explore further the meaning of value, check out our movement.
Listen to the audio series on your favourite platform:
▶ Spotify
Stay connected with the ongoing conversation by following UMUshroom on social media platforms.
Read more about the show.
