1. Know Yourself- Before investing or planning to invest it is important that you analyze yourself and be able to know what type of investor are you. You need to know what strengths you have going into the investment industry and also what are your weaknesses.
2. Understanding the Market Place- Know the market in which you will Invest in. Read about the market you want to invest your money in. Get as much information a possible. Remember there is a difference between reading up on a company and reading up on the market understand that.
3. Goals- Be able to set investment goals. Understand why your investing and what you want to achieve with your investment. Write them down. Know them.
4. Diversification- This the golden key of investment. You can not put all your money into one type of investment so when planning and setting your investment goals include diversification of your investment into many industries and many underlying assets such as property, shares etc.
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5. Relax- Don't allow panic to control you. The market it not a stable place and your investment will go up and down each day. It is important that you don't panic and buy or sell your investment just over a single drop. Also never run after the trending assets. Follow your plan and goals.
6. Finally- always remember the following: Buy low and sell high.
Basic Investment Tips
Reviewed by Finance Matters
on
March 03, 2022
Rating:
Reviewed by Finance Matters
on
March 03, 2022
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