JPMORGAN

JPMorgan’s head of financial planning, Michael Liersch, shared tips for new investors. Liersch says most investors can be successful if they have a plan, manage their perspective, and stay the course. He also recommends that investors ask someone else – a friend, family member, or financial adviser – to look at their investment strategy and challenge it. Whether you are looking to start saving for retirement or you want to put some extra cash in the stock market, investing can seem daunting to the inexperienced. But investing doesn’t have to be complicated, says Michael Liersch, head of goals-based advice and strategy at JPMorgan. In fact, Liersch told Business Insider that most investors can be successful if they have a plan, manage their perspective, and stay the course. 1. Make a plan Liersch thinks the first thing someone should do before investing is create a budget and see where your money is currently going. “As a simple first step, roughly estimate how much of your [...]