Make Sure You Have Enough Money to Diversify Your Portfolio

Remember, diversification is key when it comes to investing. Putting all your money into a single stock leaves your portfolio overly concentrated and exposed to greater risk. Instead, you should aim to hold a number of stocks across different market sectors, industries and company sizes.

Again, if you only have less than $1,000 to start with, you don’t have to purchase 10 positions at once. It’s okay if you start with just a few stocks and then gradually expand your portfolio with more informed choices.