The next common goal after establishing a checking and standard savings account at your bank is to move into investing. This can be unfamiliar territory for many and Pinyo over at Being Frugal wants to help you get started with the basics. Here are some ideas on where to get started:

• Take Stock in What You Know: Don’t invest in something you don’t understand. Know the difference between mutual funds, stocks, and bonds. Start with the investment style that you understand and then move into more complicated options as you feel more comfortable.
• Know Your Risk Tolerance: There are two types of risk tolerance that Pinyo wants us to consider:

1. Financial: This represents how much money you can afford to lose. Don’t invest money that you can’t do without.
2. Emotional: In some cases, the high volatility of certain investments causes you disquiet. Not only do you need the financial risk tolerance, but you also need the emotional risk tolerance. While stepping a little outside your comfort zone might be warranted, don’t invest in something that you are really nervous about. Other aspects of your life will suffer as your anxiety takes over.

• Where to Put Your Money: There are online brokers for those of us that do well researching on our own and full service brokerage firms for the more advanced. Keep in mind that using the latter might have a greater expense in commission and fees than the former.

See what else Pinyo has to say in 3 Things to Know Before You Invest.