As you already know, I travel very often and some people often ask me how I do it. How is it possible for me to travel so frequently? Well, the answer is simple: Investment! I invest a lot in Malaysia and this allows me to travel all over the World, so you can too!
Today, I am going to share with you questions that first time investors should ask before investing.
It’s rather simple to find people’s opinion on Investment in Malaysia. However, the problem is that everyone has their own opinion on this and what to expect in the stock market. The most common problem for new investors is that it is hard for them to determine which is a good investments from the bad ones, when to invest, and what is the best to invest on. Therefore, I’ll answering all your questions so you can start making good decision when it comes to investing.
What is my Investment Goal?
This is by far the most important question to consider before making an investment decision. “What is my investment Goal?”. This is a vital question you need to ask yourself. If you are attempting to spare cash for your retirement. Then ask yourself this, “If this venture prone to help me meet this goal?
What Is My Risk Tolerance?
Depends on your goal, if your objective is to make money as would be prudent and you can endure any obstacles, then you need to invest in the National Lottery. Putting resources into lotteries promises that you will most likely not be able to achieve your goal. However, if you are not a risk taker, investing in a long-term investment is the best decision for you.
What is the investment time frame?
As a rule of thumb, the more you extent your investment time allotment, the higher the risk you can take in. This is because you will have more opportunity to recuperate from a mix-up. Also, if you are going to put something aside from retirement and also you are decades from resigning, putting resources into something like investment property will surely bode well for you.
When to sell this investment?
If you want to know why you are putting resources into something, you’ll think to have a smart idea when to sell it.
Should I Be Managing My Own Investments?
To be honest, it can be hard for people who just started investing to perform well than someone who is a professional investment expert. If you don’t have the motivation to deal with your investment, you ought to think about hiring an expert to do it for you. Of course, every investors wants to make profit, so there is no harm in trusting your investment especially they are in good hand.
I hope you enjoy this post. Investment allows me to travel all around the world. You can achieve this too. If you have any questions, feel free to comment!