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INVEST YOUR MONEY WISELLY

Before putting your money in any investment product, I think it's worth reading the following suggestions on the best investment product to invest your money in. In what should you invest?

1. Invest in what you understand

There's a strong business-to-invest link. Just as it's preferable to start a business with a solid grasp of the sector, you're going into, the same applies to investment.

Sometimes I find it strange that people start a business or buy an investment product based on a friend's or financial adviser's advice. Others invest in an investment product since somebody succeeded with the same thing.

Without financial expertise, individuals are looking to tell them what to do and where to put their money. Like Lemmings just following their leader, these individuals are racing toward the cliff and jumping into the ocean of financial instability, expecting to swim to the other side.

I sincerely feel this approach is incorrect. Understanding is crucial to every effort in life, including investment. Don't leap into any investment, whether it's stock or real estate, without comprehending the subtleties of such investment beforehand.

Lack of comprehension is the fundamental reason investors panic in a downturn. With understanding, you can optimize your return, limit risk and reduce your investment loss.

2. Invest what you're enthusiastic about

Passion keeps you going when it becomes tough.

Know why Warren Buffett became the world's richest investor? Or Donald Trump, New York's top real estate developer?

The truth is they both love their chosen financial industry. You must be passionate about investing in getting the best out of it; you must love the game, whether you win or lose.

Never invest in something you're not enthusiastic about; you'll end up with a heartbeat.

3. Invest in something to learn via

Life is a teacher; the more we live and learn. The only constant thing in life is the change in the investment world; such change occurs swiftly. Now, how can you stay in control when the change wave comes? How can your investing plan stay relevant when changing?

The answer is continual learning. Investing is like a fast-flowing river and staying on course; you must be on edge, ready to learn.

Never invest in something you dislike studying, however profitable it may be. If you find reading annual reports dull, maybe you despise charts, numbers, computations and all the technical analysis jargon. Stay away from stocks.

If you dislike fixing toilets, stay away from real estate or, better yet, partner with someone who likes to fix toilets.


You should never invest in something that you won't be able to learn.

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4. Invest in something you will stick to

There's a season for everybody. Business and investment have a good period and bad period; highs and lows. If you're not persistent, you'll give up.

So before you commit your money to any company concept or investment, be sure you're ready to pursue it to the end, which might lead you to either lose your money or make some profit.

Never put your money into something you won't be able to keep.

5. Invest in something you control

Lastly, one of the most crucial qualities a successful investor looks for in an investment. Never lose control of your investment, as control is vital to risk management.

The reason I opted to create a business is that I have ultimate control over it. I may boost my sales, regulate my cash flow, alter my liquidity ratio, sell or hold.

I also know the buttons to hit to boost my business worth if I decide to sell. That's control power. I know many investors who have granted stockbrokers, fund managers, financial advisers and analysts their control. Don't do that.

These are the five elements I find most crucial to cross-check before investing your hard-earned cash into any investment.

Never fall in love with an investment opportunity without first examining these elements since they are crucial to healthy investment and generating wealth.

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