Anyone who is considering an investment project must start working on the factors that influence the decision making and the investment profitability . Indeed, no matter what kind of investment you are willing to proceed with, it is major to analyse the parameters that would make your project successful.
There are some question that you have to ask yourself before exploring the investment field:
what is my goal?
To answer this question most of people start an investment for one reason,which is to improve their current financial situation, there are some who might prefer increasing their net worth and others who tend to build up their wealth step by step and those who make savings for the future (long-term growth).
after you set up your goals you have to ask your self the following question :
what is my current financial situation?
you have to check all your sources of revenue in order to choose the right tools of financing the investment such as:
your bank account / personal property / salary / real estate holdings / interests...
How much risk am I capable to take ?
All the investments have a degree of risk and succeeding in it depend on the way you handle it.Yet, being aware of the risk is fundamental, so you can evaluate it according to your: Age, family situation, income...
SO, by gathering the answers on those questions you will be able to have a clear vision of the path you should follow to make your investment project successful. And finally you should not start without consulting information sources, recommendations and market analysis of professionals that would help a lot in it.Yet you should be careful about the market conditions changes and the requirements to adapt your project with it.
I wish everyone a good start in their investment projects.Thank you for reading this ! Any remarks or suggestions or additions please comment below, If you liked this post #resteem it so other people can see it ;)
Image source: http://www.segarsrealtygroup.com/investments/basic-investing-tips/
i also yust started to invest nice post upvote your post
good job !
Nice post @simolab. Nice to meet you.
Thanks, nice to meet you too !!
Nice tips....learning never ends :D
thanks, sure it is !
great post simo:)
thanks @machhour
WELCOM SIMO
thanks :)
These tips are really interesting as basics.
$$$$Hope you will make other post $$$$.
thanks for this opinion about the post I hope it was helpful !
Good tips, mate. I'll take them into account when I'd invest my money on anything that looks promising.
you're welcome, hope u a good luck with it !
Interesting
Thanks hope it has been helpful !
Awesome information !! :D
thanks :)
I am very new when it comes to investing and i have a very low income if any at all, i do odd jobs and i am primaraly a student....what would you advise someone like me to do just to do like small investments of like 20 or 30 bucks??
Well, you can start investing in cryptocurrencies for example and go for those that have a high probability to surge up and that are very low in price so you could be able to buy a big amount of it. But, this must be accompanied by a detailed research about the cryptocurrencies or whatever you invest in . Good luck in your investment !!
ok well with my research I like STEEM and Ripple, whats your thoughts?
STEEM is a good choice I suggest it ! But investing in RIPPLE isn't a good idea cause it's basically made just for exchanges considering the its transaction speed that't why its reputation is high !!
good to know, whats another one that you recommend and i will research it, there are so many to choose from, im just trying to narrow down my search.
Very interesting friend
I've been researching a few coins to start investing, Beautiful Posting.
good luck with it ! Thanks
Thanks for the tip bro! Great post!
you're welcome, thanks.
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Thanks, I didn't know it before !! it's amazing and encouraging I'll keep on investing my time on my contents !!
intersting one.. will invest thnks for the post
Nice post, interesting read!
Thanks for reading !
This is good info just to know. Thank you!
Thanks for reading !
Thanks