subject: Investing Basics – Stocks & Bonds – What Are Your Investment Goals [print this page] Investing Basics Stocks & Bonds What Are Your Investment Goals
Unfortunately, when it comes to investing into Stock and Bonds, many first timers jump right in with both feet not really knowing what they're actually getting themselves into. When it comes to investing your hard earned money, it is important to remember that few investments are a sure thing, there is a risk. The whole point of making investments is to make money, that's why we do it. Making investments requires some degree of knowledge and skill so as profit from them and not lose your money.
It is best to find out about investing and how it works and also to determine what your goals are before investing a penny. What do you hope to achieve with your investments; college education, buying a house, or for your retirement? Establish what you want from your investments, what your goals are and you will make smarter decisions.
It's a bad idea to start investing with hopes of becoming rich overnight. It does happen, but very rarely. Having said that, if your investment goal is to get rich from your investments, you need to learn as much as you possibly can about high-yield, short term investment before investing. Long-term investments are safer.
Talking to a financial planner is always the best thing to do. A financial planner can give you realistic information on the different types of investments, as to what kind of returns to expect, the risk factor involved and how long it will take to reach your specific goals.
If you want to invest successfully, it does take a certain amount of knowledge. Set your goals, you need to do your research about the market and speak to a financial planner before you start making any investments.
To Profitable Investing.
"If you want to be rich, simply spend your life buying assets. If you want to be poor or middle class, spend your life buying liabilities. It's not knowing the difference that causes most of the financial struggle in the real world".
Rich Dad, Poor Dad -Robert T. Kiyosaki
The Top 5 Challenges Facing Our Economy. How to Protect Yourself from them.
welcome to Insurances.net (https://www.insurances.net)
