For those new to investing, understand that growth begins with security. Other factors of personal finance are growth, protections and management. Personal finance is a broad subject but you must start somewhere.
Security, for the average person, means that they poses on top of their life insurance, home and auto insurance as well as health and disability insurance. All of the mentioned policies will ensure that you family is taken care of is something unexpected should happen to you. An emergency fund should also be in place in case there is a natural disaster. Typically, six months of income should be put away for just this reason. This can be done by putting a little aside each month and by adding gifted money to the account.
Fear sometimes keep investors from wanting to risk their money but as we all know, no one can predict your success in any type of stock market. Emergency funds will keep you from having to withdraw from funds that will cost you a penalty. Security is the first step of the ladder to starting and keeping your investment portfolio.