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Investment for Beginners: Knowing Thy Self
Every investment differs to every investor. There are loads of strategies available out there that may or may not fit to you.
By: Investam HK
In investing you must know the answers to the questions why, where and when. Knowing the answers to those questions will give you a stepping stone on moving forward on your goal.
Why? Why would you need to invest? Why would you need to put your hard-earned money on someone else's' company? These questions will give you a significant reason before entering a certain investment. Is it because of your family? Is it because you want to be financially free in the future? Whatever the reasons on your why's, it will be the main justification of your investment journey.
Where? Where would I invest my money? It's a rhetorical question that will give a big impact on your future goals. Knowing where to invest your money by researching and fact-finding will set yourself in a safer ground, since frauds has been using investment to scheme people nowadays. It will give confidence that your hard-earned money is in good hands.
When? When will you need to withdraw? Setting up a time frame in investment will be the direct meaning of your investment goal. Example, is it for your child's college education, and then set your investment for at least 10 – 15 years.
In investing risk is like a thrilling adventure (e.g. jumping of a bridge with just a rope for support and etc.) Where you challenge yourself if you can do it or not. The only difference in an adventure (which is your life in the line) to investing is… it involves money, your own hard-earned money.
The context of 'RISK' in investing means 'the risk of losing money.' A possibility that the value of the money you invested may decrease or on worse scenario is… it goes all the way down to zero.
All investing involves risk in one way or another. Stocks can and often do go down in value over certain periods of time—in 2008, the S&P 500 dropped by 37%. While this decline in the stock market was one of the worst in history, less severe market corrections are not uncommon.
There are many ways you can maneuver investment. One famous investor, Warren Buffet believes on his 'buy and hold' strategy, because he rarely sells his shares nor gets bothered by market fluctuations.
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