Tips on Investing Following Fears About Bank Stability

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Investors looking to grow their hard-earned money are facing increasingly volatile markets in 2023.

As stocks continue to tumble amid fears about banks many are worried about their money.

But financial expert Lynnette Khalfani-Cox has some tips on how to invest and keep your money safe.

“Take the time to educate before you allocate and you know, make sure that you do your homework,” Khalfani-Cox said. 

Investors should do their own research before investing in any market.

Once you understand the risks, figure out how much you can invest, especially amid soaring inflation.

You don’t have to put a whole lot of money into an investment.

“Small amounts of money count too, when it comes to investing,” Khalfani-Cox said. “So often people fail to even begin because they say, well I don’t have $5,000 to start or I don’t have a big lump sum of money to put into the markets.”

It’s important to diversify your investments and avoid an over-concentration in one area, according to Khalfani-Cox.

Especially after two main banks for crypto companies shut down this month, adding another blow to the crypto industry, which is still struggling to recover from last year’s crippling “crypto winter” that pushed bitcoin down nearly 65 percent.

“Don’t just throw your money into something in the short run, thinking, okay, ‘this is gonna be part of my get rich quick scheme,’” Khalfani-Cox said. “It simply doesn’t work that way.”

Most importantly, you should know your limits. No matter how much research you’ve done, be a humble investor.

If you’re looking for more ways to protect your bottom line consider talking to a financial advisor.