1. Widen your horizons
The expression, "don't put all your eggs in one basket" is meaningful when it comes to investing. Don't put all your money in one stock. Also, buy bonds, debentures and stocks. Don't pick only one type of investment. Your portfolio must be diversified.
2. Examine the existing date
Obtain and analyze as much information as possible before making your investment decisions. This will provide you the basis for investment. And on the basis you would be able to take correct decision.
3. Establish your goals
Determine the price at which you're willing to buy and sell. Analyze interest rates to decide what return you want. There are various types of investment where you can invest. For achieving the goals , you financial decisions must be based on your risk bearing capacity.
4. Higher the Risk : Higher the return.
If you want to have a higher returns you need to take higher risks. So if you can not afford to loss , donot invest beyond your limits.
5. Only Long term investments are good investments
Company stock prices will fluctuate, sometimes unfavorably, in the short-term. Invest for the long-term, but keep your current financial needs in mind. In long term, the market will repeat the history and you should wait for that.
6. Don't take sudden decisions.
An impulse buy, whether at the mall or on the stock market, is still an impulse buy. Stick to your plan.
7. Tax Planning Is vital
Consider income-splitting techniques.
8. Focused assist
If you're starting out, you must hire the best professional help . Professional advice will likely pay for itself within a short period of time.
1 comment:
But is the best way the safest way or what’s the risk level? The rule seems to be that the more risk involved in an investment, the more chance for a good return. Some investors like to refer to this as the “no guts, no glory” theory. That is why you may want to Learn to Invest Money before you start investing.
Post a Comment