Investing Your Money (8)

PROTECT YOUR INTERESTS
For any investment you make, keep in mind the following tips:

• Understand the investment and the risks involved
• Select financial advisers carefully if you are engaging one. Ensure that they are qualified and experienced. Ask questions and make sure you understand the issues and procedures involved. Seek second opinion should you have any doubts
• Don’t be pressured into making a decision. Watch out for aggressive sales tactics that urge you to decide and act hastily
• Keep records of all transactions you enter into
• Be wary of schemes which guarantee a quick profit with minimal or no risk

Investing Your Money (7)

GETTING FINANCIAL ADVICE
          There are a number of parties offering financial advice, e.g., banks, remisiers, financial planners or insurance agents depending on the types of investments involved.

          However, before you choose your financial adviser, ensure that the person is suitably qualified to give any advice.

Investing Your Money (6)

WHAT IS YOUR RISK PROFILE?

When determining your risk profile, ask yourself the following questions:

• What stage are you at in your life?
  If you are young, generally, you can afford to take greater risks with a view to obtain higher returns in the longterm. If you are older, security will be an important factor.

Investing Your Money (5)

FINANCIAL PLANNING AND LIFE CYCLE STRATEGIES

The amount of money to be invested in various assets depends on:

• Your goals and needs – to buy a house, travel or retirement needs

• Your age at the time of investment. If you are