Investing is putting your money to use so as to allow it to grow. An investment can be in form of property such as livestock, land, business or shares and bonds from which you can earn profits. (Thread)
Questions to ask before making an investment;
• How does the investment work? – Do you understand the investment well enough to explain it to someone else?
• What are your goals? – Are you looking for safety,income or growth? Or both growth and income?
• what are the risks of this investment? – Are you comfortable taking these risks?
• How much do you expect to earn on this investment? Is this realistic?
• How long do you plan to invest? Is this a short,medium or long-term investment?
•What are the costs to buy,hold and sell the investment? – And will you pay taxes on the money you earn?
• What other investments do you have already? – How does this investment fit with your other investments? How will it change your asset mix?
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