The best advice ever about making financial decisions and Investment
This is what i have observed about World investor when it's comes to making Financial decision and Investments.
So many people try to jump so many processes that partains making an investment which ends up abusing the purpose for investments.
Investment is a way of making your dormant money passive by sending it to work for you with the purpose of making profit that will increase your purchase power against inflation in a given economy.
What most people do is gamble and not really investment especially the youths. There are criterias to put in check when going for an investment plan which including Investors education in regards to what they are putting there money in so as they can risk sufficient amount of money they are willing to lose.
Alots of investors with no or little knowledge about investment have form the habit of putting there money in different portfolios they have little or no idea about which have made them vulnerable to scammers and Ponzi's...
Their greediness won't let them do a proper analysis or check mate their decision before taking any action rather there are focused more on the return than the sustainability.
There are many things i have observed which have gone wrong in the world of investment industry which has increased the bad reputation it's having now but i will choose to end here to continue later
P.S: Before you start thinking of Investments, make sure your Cashflow is in order this will make you have the necessary tenacity to withstand any loses that comes from that investment, cause not all investment are meant to be profitable, there's what is called "Bad Investment".
This is why i keep advising many people who come to me with such question to go and learn a skill first that can build their cashflow before talking about investments.
By Easymaestros
The profitable investor