Investing Basics – What Are Your Investment Goals by Ravinder Tulsiani

Investing Basics – What Are Your Investment Goals by Ravinder Tulsiani

When it comes to investing, many first time investors want to jump
right in with both feet. Unfortunately, very few of those investors
are successful. Investing in anything requires some degree of skill.
It is important to remember that few investments are a sure thing –
there is the risk of losing your money!


Before you jump right in, it is better to not only find out more about
investing and how it all works, but also to determine what your goals
are. What do you hope to achieve with your investments? Will you be
funding a college education? Buying a home? Retiring? Before you
invest a single penny, really think about what you hope to achieve
with that investment. Knowing what your goal is will help you make
smarter investment decisions along the way!


Too often, people invest money with dreams of becoming rich overnight.
This is possible – but it is also rare. It is usually a very bad idea
to start investing with hopes of becoming rich overnight. It is safer
to invest your money in such a way that it will grow slowly over time,
and be used for retirement or a child’s education. However, if your
investment goal is to get rich quick, you should learn as much about
high-yield, short term investing as you possibly can before you
invest.


You should strongly consider talking to a financial planner before
making any investments. Your financial planner can help you determine
what type of investing you must do to reach the financial goals that
you have set. He or she can give you realistic information as to what
kind of returns you can expect and how long it will take to reach your
specific goals.


Again, remember that investing requires more than calling a broker and
telling them that you want to buy stocks or bonds. It takes a certain
amount of research and knowledge about the market if you hope to
invest successfully.


About the Author: Ravinder Tulsiani is a published author who has
written about personal finance, real estate, self-help and online
marketing. For details visit: www.ravinder.ca