Monday, 31 August 2015
5 investment guidlines you ought to know
INVESTMENT ADVICE
investing is something that the modern man must do.it does not always have to be horrific experience.with just a few simple steps your financial health can be compared to an epic story of from grass to grace.
with these steps, you can make wise investment choices and have a dream portfolio you have always wanted.
1.REQUEST A PROSPECTUS BEFORE INVESTING
this will help you learn about the company and the investment you are considering. track the historical performance of the proposed funds or stocks and consider all charges associated with the investment,most especially mutual funds.
2.DECIDE ON HOW MUCH YOU CAN INVEST
this simply means you need to take a hard look at your finances and be brutally honest with them. is the money enough to share between other expenses and your future investment?
3.THINK ABOUT THE RISK TOLERANCE
risks are always there and so you have to weigh them out .this of also how much you want to make from the investment. are you willing to risk a significant part of your investment for a higher return?
4.TRACK YOUR INVESTMENT
learn about the counter prices you have put your money in from the available sources as frequent as possible.being well informed and up to date is key to successful investment.
5.ENGAGE SERVICES FROM A FINANCIAL EXPERT OR INVESTMENT ADVISER
they will help you analyze your financial goals and give you unbiased advice that is tailor made to your unique needs.
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