If you want to invest money and you are new in investment field then you should have some precaution before investment. ALL TOP SECRET (ATS) presents investment tips for new investors......
1- Begin your investing activities early
Firstly,
you should start investing early in life and found the magic of compound
interest. Albert Einstein called for interest that it is the eighth wonder of
the world. In younger age, you should start investing for a long time, you will
have interest to enjoy in higher yield.
For example, suppose you have a retirement goal of Rs 20,00000 and you want to retire at age 60. If you start investing at age 35, you will have to invest 2,000 Rs each month for 25 years for a total of Rs 20,38,547 to reach you goal (you will find an average return of 10%). However if you begin to invest at age 50, you will have to invest Rs 10,000 each month, or a total of Rs 20,55,778 to reach your retirement goal. Money invested while you are young age and you will find higher return.
2- Do safe investments to start
Entering the area of investments can be an intimidating experience. There's so much information, investment strategies and investment types that it would take a lifetime to learn all of them, and by then, it’s too late. You should start with some simple and safe investments while you continue to learn. Once, you will be able to start investing earlier in life then you will also gain confidence. After this, slowly, you should invest money in many field.
3- Learn and educate yourself
Before investing, you should gain knowledge about investment. It is must. We live in a world of information and there is a lot of information about investing. You can get knowledge from Internet. you can find books at your local library. you can join an online investment group. you can join seminars. Without knowledge, you should not start investment.
4- Learn to save rather than spend
If you want to be an investor, you need money. To have money you need to save rather than spend. This advice is the most obvious one given out by top business professionals. To be a successful investor you must save some of your money instead of spending it. save money and invest it.
5- Don’t Invest money if You have doubt to lose
Don’t ever invest money that you cannot afford to lose. You should never use the money you need to buy stocks, real estate, or anything else. The dangers simply are not worth the risk. If you not want play risky game then you can deposit money in bank and post office.
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