The stock market can be a daunting place for a newbie. Before diving in headfirst, there are a few important things to remember. First, you'll want to determine what your goals are. If you're looking to build wealth, you'll probably want to diversify your assets. A good place to start is by understanding what the market has to offer and how it can help you achieve your financial objectives.

Another important question is what type of investment will be right for you. There are a…