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

THE DON'TS IN INVESTMENT
There are some practices that you should avoid when making investment decisions to minimise the risk of making a loss:

• DO NOT borrow to invest – You should not take other people's money to invest or take out cash from your credit card. If you do not have money, do not invest
  
• DO NOT invest just to get quick and high return – Quick returns always carry high risks. Always be cautious of illegal get-rich-quick-schemes that promise quick money for your investments. They make false promises and may run away with your money
  
• DO NOT invest in high-risk investments unless you are ready for it – Some investments involve a high degree of speculation and risk (eg. futures trading)
  
• DO NOT invest on the basis of 'hot' tips and rumours

CONCLUSION
          One should not enter into any investment decision in a hasty manner. A smart investor must proactively seek information on the various investment options available. He or she must also be sensitive to the prevailing investment climate and market conditions.

          Investors must always remember to exercise prudence when it comes to making an investment choice and decision.

CONTACT ME NOW: 016-6825195