7 things I believe new investors should consider
In this Moneywise Doctor video, Ndubuisi “Andy” Egwim warns new investors by sharing numerous “nightmare” stories of investors who lost everything due to poor decisions. He emphasizes that investing always carries risk, but that risk can be mitigated by taking preparatory steps before committing any capital. Andy introduces a 7‑point framework called SCRUBS (the first six steps are detailed, the seventh is hinted at later). He begins with the first element, “S” for Safety Net, explaining why an emergency fund and contingency planning are essential before any investment, using relatable scenarios such as car breakdowns, boiler failures, or job loss. The segment sets the stage for the rest of the framework, positioning risk preparation as a prerequisite for successful investing.
