First, its always a good time to get in the market. Ten years down the road you will have more than you started with as long as you stay involved and win just a few times. If you don't trust your self or financial advisory get into an Index fund, make your 12% and be happy. Just do it now, while you have funds set aside, because it is so easy to spend that money.
Second, you don't need to put a huge amount of money into your investments to start, the real trick is putting money in continuously, interest is what makes money. I started my first personal account with $500. I managed my first large account with only $300,000. Both accounts have since grown through both well timed investments and continuous in-flow of cash.
Third, the market is crazy. If you measure your progress day to day you will be scared by what is happening, but if you step back and look over a month, 6 months, a year...you will see that it is trending up. Don't get scared of the drops.
Fourth, look at investing as a purchase, just like milk or bread or clothing. The money is spent. This is why investing and saving are a part of any good budget, pay yourself, take a percentage out so that later on you can use that money.
Fifth, you do not need an specialized training to be good at investing. Having education is nice, a specialty in anything can add to your ability to pick and evaluate stocks. My best picks didn't come from complex equations or an in-depth analysis of market factors, but simply seeing the growth of a hobby and industry that I love.
Sixth, be patient. Don't expect millions in returns tomorrow if you are starting with hundreds today.
returns come slowly, but as you keep growing and investing the returns grow so much that they could be something you live off in the future. Every $1000 you save and invest now is $100 per year afterwards.
Seventh, any market movement is an opportunity.
Eighth, don't follow the crowd (they tend to be wrong). When everyone is getting out of stocks or taking profits many people are getting in. It is hard to see the value of a stock when everyone else doesn't.
Ninth, don't only invest in the Penny stocks, with greater principal comes greater returns.
Tenth, you are your own worst enemy. Don't spend the money before you can save or invest it if you can help it. Don't panic and pull out when you think it is going to rock bottom.
There are many more tips I could give you. Just remember that investment is rough, its risky, but you can do it.
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