XP’s Head of Financial Education lists 4 tips for budding investors

The universe of investments can seem a bit scary to those who still don’t understand how the financial market works. Terms like the Selic price, securities, fixed and variable income, the ups and downs of cryptocurrencies, among other titles, still raise doubts about safety and profitability for new investors.

Despite this, the segment, previously only intended for professionals and specialists in the field, is conquering young people and adults who want to increase their income and ensure a profitable future.

According to financial educator Thiago Godoy, author of the book “Emoções Financeiras”, by Editora Gente, the simple act of saving money is not helpful.

“A lot is said about saving money. However, there is no point in saving in life, and especially in the financial world. Money you invest, investing means moving money and movement is transformation.”

Into the work, the educator, who serves as head of financial education at XP Inc., brings an innovative approach to how to manage finances, addressing the correlation of emotions as a lever for financial and personal success.

“Learning to invest is a process similar to learning to speak and write. No one needs to be an expert to invest, just as you don’t need to be a linguist to speak. To promote knowledge in this segment, the use of didactic and simple language is essential, with the aim of raising awareness of the importance of financial education.”

The launch of the book will take place on April 12 at Livraria da Travessa, located in the Iguatemi Shopping Center, in the South Zone of São Paulo, with an expected presentation, also in Miami (USA).

What are the tips for new investors, according to XP’s head of financial education?

To help new investors and even those who are already taking risks in the financial market, Thiago Godoy lists below four important tips that every investor should know to invest safely and profitably. Checking out:

First, the specialist believes that investors should “know their emotions”, as the practice is fundamental to success in the future.

“Emotions dominate us and make us see the world from a different perspective and this happens in all areas of life, including the financial one. The relationship between emotional and financial intelligence is very strong, especially when making decisions about money and the ability to handle the financial market. In this way, it is necessary to go beyond income and potential investments, and it is essential to set goals that give more meaning to life and bring stability.”

The second step he indicates is to carry out realistic financial planning. According to him, when he started his studies, a lot of content available on the internet suggested a shortcut to wealth, among other things, a big income. However, this is not the correct reality.

“Many people spend their lives dealing with money wrongly. That way it is not enough to watch some videos about investments and think that financial life will be solved. As important as understanding emotions is, it is also necessary to make concrete and careful planning, to have a clear understanding of the personal financial situation and the tools to improve it.”

Responsibility for own decisions

Although the investment market is uncertain, with daily ups and downs, the financial educator cites self-responsibility as one of the fundamental factors for success in the financial world.

“Being self-responsible means evaluating your decisions and attitudes and practicing self-awareness to learn from mistakes, without using others as crutches to justify your mistakes. This applies to investment decisions as well as financial resolutions.”

Finally, the XP lecturer and columnist for the Infomoney Portal points out that self-control is essential to becoming a successful investor. According to him, even as the investor develops financial maturity and self-knowledge, it is also essential to have self-control to put into practice the knowledge and ability to invest and manage finances.

“People’s tendency is ambivalence, that is, we want to be financially secure, but we are tempted when we see a store on sale or a flashy opportunity in the stock market. Self-control acts as a planning, problem-solving, and decision-making center and is responsible for determining our success in all areas of life, from relationships to professional and financial success.

Source: Live Coins

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