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Deleted member 28873
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There are many things to be put in place before investing .This are the few ideas i think would be of great benefit to anyone.1.draw a personal financial road map:
Before you make any investing decision, sit down and take an honest look at your entire financial situation -- especially if you’ve never made a financial plan before.
The first step to successful investing is figuring out your goals and risk tolerance – either on your own or with the help of a financial professional. There is no guarantee that you’ll make money from your investments.
2.evaluate your comfort zone in taking risk:All investments involve some degree of risk. If you intend to purchase securities - such as stocks, bonds,mutual fund- it's important that you understand before you invest that you could lose some or all of your money. 3.consider an appropriate mix of investment:
By including asset categories with investment returns that move up and down under different market conditions within a portfolio, an investor can help protect against significant losses. Historically, the returns of the three major asset categories – stocks, bonds, and cash – have not moved up and down at the same time.
Before you make any investing decision, sit down and take an honest look at your entire financial situation -- especially if you’ve never made a financial plan before.
The first step to successful investing is figuring out your goals and risk tolerance – either on your own or with the help of a financial professional. There is no guarantee that you’ll make money from your investments.
2.evaluate your comfort zone in taking risk:All investments involve some degree of risk. If you intend to purchase securities - such as stocks, bonds,mutual fund- it's important that you understand before you invest that you could lose some or all of your money. 3.consider an appropriate mix of investment:
By including asset categories with investment returns that move up and down under different market conditions within a portfolio, an investor can help protect against significant losses. Historically, the returns of the three major asset categories – stocks, bonds, and cash – have not moved up and down at the same time.
