Before a person begins investing, what is a recommended first step?

Meeting with a licensed financial planner or advisor is a recommended first step before a person begins investing because these professionals have the expertise to provide personalized guidance based on an individual's financial situation, goals, and risk tolerance. They can help assess current financial conditions, identify investment options that align with long-term objectives, and create a strategic investment plan. This personalized advice can help avoid common pitfalls and ensure that the investment strategy is well-suited to the individual's needs.

Other options, while useful in their own regard, do not offer the same level of tailored support. Attending a seminar on investment strategies can provide general knowledge but may not address specific personal circumstances. Reading financial news articles can increase awareness of market trends but lacks personalization. Creating a personal investment goal chart is a good organizational tool; however, it is more effective to develop these goals with the assistance of someone who can provide context and expert advice. Therefore, starting with a licensed professional is crucial for informed investing.