Do you already start investing your money for better future? Investing is one of important things you need this early especially if you want to have additional pockets for your future needs. It is never too late to start, so here are some profitable strategists you can learn before investing.
1. Type of Investments
No need to rush, take your time to get a lot of information of investments. First off all, know type of investments before decided to buy the product (investment). For example, for non-real investments (financial), there are mutual funds, deposits, peer to peer lending, stocks and bonds. Choose the perfect ones suit your needs, know the risks, and determine your short and long term goals.
2. Diversification
To get rid of risks, it is highly recommended to spread your investments (diversification). In other words, do not investing in only one product. It simply because, if you face bad risk, you do not lose all your money. This also important for those who have a lot of goals. For example, you choose mutual funds to buy property (land) or take pilgrimage to Kaaba, Mecca for 10 years from now or take peer to peer lending for short-term goals.
3. Using Your Own Money
It is also highly recommended to star investing with your own money. If you use loan to invest, profit margin certainly smaller than using your own money. Start with smallest one with smaller risk.