Investment is a very lucrative word and now a days it is been marketed so much that every body wants to invest.
I have seen many of my friends who are purchasing mutual funds using their credit cards. I always think that my dear friends are missing the basics of economics.
I am not against, I am a keen believer and understand the difference between investments and trades (write a separate blog on differences). As a beginner , I would recommend to follow these 6 basic rules of investing :
SAVE
Invest your savings for future happiness or security
TRENDS
Don’t follow the trends blindly
NO DEBT
Debt counters your investments
TIME-FRAME
Think About : How Long? 5 years or 50 years ? Invest Accordingly
FEELINGS
Investing is not only a number game, it’s purely a mind game.
RISK
Risk is volatility in Short Terms, but is able to maintain purchasing power in long term.
