Pages

Saturday, 14 July 2012

Finance - Basics/Know-How [Overview] Part-1

The Big Picture :



Honestly, I don't know if I can deal with all the issues that just might ruin your life because this blog is based solely on my personal experience and view. Anyway; 


Let's get started!


Question - "How much can you afford to lose?" try asking  yourself this..


Hmm?<your response> didn't expect this question do you? Yes, I DID say lose.


The brokerage community usually asks, "How much do you want to make?" , abit understated don't you think?


Well, after you have decided that you are willing to accept the risk of loss, and how much you are willing to risk (because even prudent investment has risk), I would advise starting slowly.


You can consider starting with a diversified mutual fund. There are dozens of high quality, no-load funds that invest in larger company stocks available to you and might as well want to avoid individual stocks as they increase both your risk and not to mention the probability of reward


However, not a prescription for a beginner.















No comments:

Post a Comment