My Profile

Profile Avatar
77 Cheriton Rd
West Marden, NA Po18 3ef
078 6279 7977
The way to invest Money to Make Money & Avoid Bad Investments

investingNow you ask , how to invest money to make money. The reply is to take a position money only after asking a few questions about investment basics. Here are the questions to ask, and the way to invest money to prevent scams and bad deals in general.

The way to invest money, rule #1, is that there is no such thing as a perfect investment. A perfect investment might have the next features: guaranteed safe, certain to earn money and lots of it, high liquidity, zero costs and expenses, big tax breaks, and easy to watch... so you always know where you stand financially. All investments could be compared according to investment basics, but no honest proposition contains the suggestions above features.

A scam will normally IMPLY that safety and high profits are guaranteed. Your first question before you decide to invest money: do you know the specific guarantees for safety and investment returns? If the answer you get sounds confusing or misleading, you've got no need to ask any more questions. Something is rotten in Denmark, since no investment offers high safety and high profits... except scams. Now, let's move on with a other investment basics and questions to ask. Remember, most of knowing how to take a position money involves knowing how to avoid bad investments or the ones that don't meet your needs.

Inquire about LIQUIDITY. How quickly and easily are you able to get your money back if you want to money in? What's going to it set you back? This is a very honest question, and the answer you get should be straightforward. You're out to invest money to earn money; not to get stuck having a loser which will cost an arm along with a leg to liquidate.

The price of INVESTING is another investment basic you need to inquire about. Most investments involve charges and fees to purchase, hold, and/or sell. Often the details are in the fine print, so be sure to ask upfront. High investment costs can turn a success into a loser. For instance, a great simple fixed annuity pays an aggressive interest rate and can have no charge to take a position or hold; and no charges to cash in after just a couple years. The wrong annuity contract can cost you 3% or even more a year in charges and fees, plus heavy charges should you spend in the first few years.

Be genuine careful when an investment promises tax breaks. Inquire first and get it in writing before you invest money. Then, run Shipping News it from your tax professional if you have one. If you do not, take a pass. Your ultimate goal is to invest money and make profit the procedure. To not take a risk and wind up in trouble at tax season.

Our last area of concern in regard to the way to invest money and investment basics I describe as VISIBILITY, or even the ability to monitor your investment. After you invest money, then what? Can you track the value of your investment which means you know where you stand financially at all times? Will you receive statements each quarter and also at the end of every year showing the need for neglect the assets?

As a financial planner, a few of the worst horror stories of recent clients I interviewed were revealed when I inspired to see their records for the investments they held. Sometimes their records or statements were incomplete or otherwise questionable. Sometimes, these investors may find no records whatsoever and didn't know who to make contact with to discover the status of the investment. This is a best example of methods to invest... NOT.

My InBox

My Messages

First Page Previous Page
Next Page Last Page
Page size:
 0 items in 1 pages
No records to display.