1.Think long term.
Before you start investing on something, make make sure you think your investment for a long time, especially when you choose to do ownership investment. The business that you choose need to be last more than 5 years or so. If you think the business only will last for a few years, you better hold your money to invest on something else
2. Be realistic
you need to be realistic when you’re investing your money. the amount of 9 to 10 percent for a year for your return of investment will be just right amount for your investment. If the difference is too much maybe you should do more analyze on that investment.
3. Right time for right investment
Even though you need to think long term about your investment, still you need to match your timing for your need with your investment. If you need to use your money next year, then choose free risk investment so you’ll have your money when you need it without risking anything.
4. Ask first, choose later.
Remember, investment is not a gamble. You must need to know every aspect of investment you want to choose. Ask question first before making any decision. Avoid making an investment without enough knowledge or information. Ask your broker, agent, friend and google every kind of information about the investment you about to make.
5. Choose your advisor wisely
But before you choose an advisor, you need to educate yourself first. Take every grasp of knowledge on every investment that catch your intention, don’t listen too much on the advice since they’re had their own interest too. The advisor only act as a second opinion, in the end the one who make the decision is you.
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