Money Investing Step-by-step plan for free Checklist

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investing roadmap

10 steps in which you make the most important considerations when you want to invest.

A handy checklist to get everything sorted.

Free and for nothing, to get you started.

Good luck!

In this article:

1. Why do you want to invest?

Yes we start with a question of conscience . Why do you actually want to start as an investor? Would you like to do it, or do you see it as a good alternative to saving? Because you want to get more out of your savings? Because it should yield more in the long run than savings interest? Fine, sounds legit.

But do you see it as a way to make a lot of money in a short amount of time ? NO! WRONG! You are never sure of your profit, let alone any return at all. There are much better options if you want to make some extra money. Take a look at our page about earning money on the internet . From a few tens or hundreds a month to a full income, everything is possible.

2. How much money do you want to invest?

How many financial resources do you want to work with? The more you can invest, the more profit may come out. Some types of investments require a minimum investment, but that is really not always the case. You can also invest well with little money.

3. How much capital can you invest?

Yes, that is a tricky question, you certainly thought after question 2, am I over? No, we are still going to play it on your conscience… because once again investments are not an easy way to get money. You run the risk of loss. That is why you should only bet what you can actually lose.

So not your savings, which is actually your financial buffer. Not your holiday pay or bonus while you still have to pay for a holiday. Certainly not your children's study jar! Sounds silly but we so often see this mistake being made in the hope that the stake will increase in value, but in the end you are left empty-handed if you are guided by greed.

Investing is not the same as gambling, just go to the casino if you want to lose your money. You get a drink and nice music with it ...

4. Investment Purpose and Term

Okay, so you have now determined that you want to invest and how much it will be involved in terms of euros. Then you can now start thinking about the goal for which you are going. This does not have to be a hard number because it is difficult to predict. And if you already want to put a fixed amount on it, that is no guarantee that you will achieve it. And yet: if you, for example, eventually want to use your investment to be able to buy something, you do have a target price. And if you achieve that, you also know when to stop!

You may also want to cash in on your investment at some point, regardless of the capital achieved. For example, because you want to give it to your child when they turn 18. And so we can think of some more examples. Both a goal and term are important in the further choices you will make, and which investment forms and risk profiles are appropriate.

5. Educate yourself

Whichever investment method you choose and on which platform / site you want to try it, always read all the information and explanations first. Almost all platforms offer help and advice to some extent to make well-considered choices. Never skip it. It's better to read yourself in too much than too little, you don't want to blame yourself for losing a lot of money due to a stupid mistake.

If you do not trust it, an investment or party, then get out! Investing already has its own risk, no reason to run extra risk by working with vague structures or institutions.

6. Investing = Risk

It echoes all over our site and in this article, but we like to emphasize it well: Investing involves risk. You can lose your stake or part of it. However, every form of investment has a different risk profile. Different dangers and ways to make money, so different advantages and disadvantages.

Know that risk always comes with potential returns. An investment that could therefore make more profit has proportionally more risk of incurring more loss. So think very carefully about the answer to the following question:

7. What will you invest in?

That's a question with a very long answer, or at least many possible answers. There are an incredible number of investment options nowadays. More and more are being invented and that is not always just to make it easier or better for private individuals like us and you. As long as you are a starting investor, it is therefore better to stay away from the complex instruments.

Prefer to keep it simple and clear. If you have or want to invest relatively little money, it is best to take a look at CFD Trading . You can not only practice this for free with fake money, but also trade on prices of all kinds of instruments. Ranging from stocks to commodities and crypto. And you can make as much profit through leverage as if you had invested 30 more .

If you want to invest directly in crypto coins, also a smart option with little investment required, do it through a Dutch and reliable party: You can buy almost all coins here and you will receive explanation, help and customer service in Dutch, a lot more pleasant than a vague Asian internet party.

If you have a little more to spend / if you go for the traditional shares, funds or options, then it's best to choose Binck Bank . They have been the best broker in the Netherlands for years with good explanation & service and low costs. You will also receive $ 200 in transaction credit , request the free information pack!

Don't go for Binary Options anyway, never do! This is prohibited in the EU due to the fact that it is only loss-making. Anyone who starts talking about this is a scammer.

8. Do it yourself or have it invested?

You do not have to invest yourself, you can also have this done for you. By experienced professionals who do this every day for their work. You don't have to worry about it either. But please note that you still have no guarantee of return, and you can still lose your money. And investing money, there are of course costs involved.

If you are going to invest yourself, you do not have those extra costs and you also have more control and you can therefore make decisions faster (read buying and selling). And if you like it, you will enjoy it more, especially if you make a profit! Trading is really no longer difficult with all tools, sites and apps, so don't feel inhibited to do it yourself. Especially go for the best broker (already 15 times No. 1 in the Netherlands): Binck Bank .

9. Always practice first!

Before you actually get started with investing, we strongly recommend that you practice first. Think about what you would invest in and keep track of the prices for a few weeks. Would it still have been a smart choice afterwards?

Now you don't have to do it this old school way, there are handy tools for that too! For example, you can create a free demo account (to practice with fake money) for CFD trading via Plus500 . You can follow the prices of all kinds of instruments as mentioned earlier. From shares to (crypto) currencies and raw materials. Can you see and experience completely beautiful because it is really going to do it soon! You can then convert your account to "real money", but you don't have to. You can always do the real work somewhere else, but practice here first.

Why we strongly recommend this is because you do get to work with your hard-earned money. And because as a novice investor you can sometimes make a mistake, it is a shame to actually have to pay 'tuition fee' for this, if you can also practice it with a special practice account.

10. Get started!

Ready… set… GO! You are now completely ready to take your first steps in the investment world. Good luck and keep your cool! That is perhaps our most important tip at the end of this story: if you let yourself be guided by emotions, you will make the wrong choices. Always keep your mind on your goal and never panic sell. At the same time, you shouldn't get greedy and think that you have nothing to lose, because you do.