Everyone or at least many people seek to improve on the level of their lives, they do this by venturing into several endeavors, and one of such endeavors is INVESTMENT.
Investment is an act of committing financial resources into profitable ventures that will in turn yield profit or loss. This is the first thing an investor should know about investment, the definition! It will go a long way in giving clarity on what s/he is venturing into.
RISK TAKING: It is necessary an investor also knows that investment is a risk. Investment, which is futuristic in nature is as uncertain as the future. As much as profit making is in view, it is pertinent to note that possibilities of loss also surface. Anyone venturing into an investment should allow this point guide him into making a wise decision.
A GOOD INVESTOR MUST HAVE A PLAN: Yes! Show me a man successful in his endeavors, I will show you a man that plans ahead. DO NOT venture into an investment no matter how eye catching it is without mapping out your plans. Questions like; what are my investing in? how much are my investing? what financial goals are these funds mapped out for?, will need to be answered before you start investing.
THE INVESTMENT DURATION: Never go into an investment without knowing specifically if you are venturing into a long term or short term investment. This will save you a lot and guide you on your action plan.
Haven known these Four Things, we can then tell you ‘Well Done!’ You’re ready for investment.
We remain The Investment Watch.