Before You Invest You Must Read This
It is important to answer the following questions before you begin to invest any of your money. The answers to these questions will help to guide you to when, what, where, and how much to invest. Do not skip these questions and make sure you write it all down. You will need to look over and re-examine these answers many of times.
1. Set clear goals and write them down- Develop financial goals for 1 year, 5 years, 10 years, and long term. It is extremely important that all of your short term goals help you to reach your long term goals because that why we are doing all of this. Any good plan must be realistic. In the area of investments the rewards can be great but only when they are done one step at a time. Therefore, once you have more research into the opportunities available to you, go back and fine tune your goals. Once you have done this make sure you write them down and keep them in a place that you can easily refer to them.
Now that you have goals it is time to take your first step to make them real and attainable. Share your goals with someone in your family. Whoever, in your family that will be most effected by these goals. They must be involved because they are going to be your support and motivation.
2. Create a finacial plan- Now you need to create a financial plan to reach your short term goals. By reaching and accomplishing those sort term goals the long term goal will be reached. You need to decide how much time, energy, and money you are going to need to invest in order to accomplish your short term goals. Some of the questions you must answer are: how much time can I put into my investments, what kind of risk am I willing take, and how soon am I going to ready to start? Use all of the resources you can find to answer these questions. You will find some of my own ideas as well as other ideas I have found posted in the Articles section of The Savvy Investor. Do not be afraid to take the time needed to answer these questions before you actually begin to invest. Lastly, stay the course once you begin.
3. Establish a spending plan with the actual amount you have to invest- The prime force behind your investment opportunities will be the amount of money you have to invest. This is you investment life line. Do not over extend it , but also do not be afraid to invest enough to reach your goals. So take the time to create a budget by tracking your current spending. This should be done for at least a few months. However, if you have the records you can go back through the past few months to track what and where you spend your money. Now figure out how much per month you can invest without it affecting those things you need. Do not over extend how much you can invest and definitely don't borrow money to invest. This can make all your hard work for not. In fact, you should make it a priority to pay off any high interest debt you may have. It is financial suicide to let high interest accumulate while you put your money into investments with lower returns. Finally, refrain from taking on any new debt.
4. Educate yourself over and over- Remember that all of the three above areas assume that you are educating yourself. In order for you to be successful in your investments you need knowledge. The above areas can only be accomplished with the correct amount of time spent to learn about yourself, investment risks, investment rewards, investment strategies, and many other aspects of investment knowledge. Use all of the resources available to you to learn which market is best for you and then all of the concepts and strategies of that particular market before you begin. There are many articles and links on The Savvy Investor but don not hesitate to find other resources such as books, magazines, and financial journals to help you out.
In closing, it is better to spend a little money on education than lose a lot of money by jumping in blind.
Steven Parsons, The Savvy Investor
http://business-investments.cashhosters.com/
Latest News
Xinhua | Microsoft's Ballmer to CES: keep investing in tech despite ... Scientific American - Las Vegas , NEV. -- In his first ever CES keynote, Microsoft CEO Steve Ballmer yesterday acknowledged the tough economic times, but urged companies not to ... Microsoft: the year ahead Microsoft releases Windows Server 2008 R2 beta Windows 7 beta available worldwide on Friday |
![]() Wealth Bulletin | How to avoid a Madoff fund San Francisco Chronicle, USA - Feeder-funds (hedge funds or funds that do all their investing through another fund) and funds-of- funds sold investment services to individuals, ... Fund-of-Hedge Funds Lacked Technology to Avoid Madoff Losses D Bank declined offers to invest with Madoff |
![]() Express from The Washington Post | The Best Investment Values in a Decade Motley Fool - These days, we're presented with what Ron Muhlenkamp a few months ago called "the best investment values we've seen in a decade." Obviously, the market has ... You Are About to Make a Bad Investment The Flight to Safety Could Burn You Wednesday's Biggest Stock Stars |
![]() Dividend.com | Billionaire investor places next supermarket bet MarketWatch - Yucaipa's investment funds have been aggressive buyers of Whole Foods shares since Nov. 24, spending a net $98 million to amass the stake. ... Activist shareholder buys 7 percent stake in Whole Foods Billionaire investor Burkle bets on Whole Foods |
Thomas, McNerney & Partners Promotes Three Members of Its ... PR Newswire (press release), NY - Thomas, McNerney & Partners is a health care venture capital firm with approximately $600 million under management, focused on investing in life science and ... |
Markets Media News | Uma Thurman No Help to Arpad Busson in Madoff Fraud’s Nightmare Bloomberg - In mid-December, EIM disclosed it was one of at least a dozen funds of funds caught up in the massive alleged fraud perpetrated by New York investment ... Hedge funds' year is worst ever, and fall may continue Blackstone To Rationalize Single Manager Hedge Funds Businesses In ... Hedge Funds Meet Their Match |
Appleseed Fund Ranked by Lipper as Top Performing Midcap Value ... CNNMoney.com - "Since the Appleseed Fund's inception, we've shown it's possible to outperform the market by investing in companies with strong sustainability records and ... |
Invesco Fund Loss Stirs Investor Fears Wall Street Journal - By DIYA GULLAPALLI 'Stable-value" investment funds have been one of the last havens in employee-retirement accounts. But one, advised by money manager ... |
New T. Rowe Price mutual fund eyes global investment Bizjournals.com, NC - T. Rowe Price Group Inc. is launching a new mutual fund seeking reward amid the risks of global fixed-income investing. The Strategic Income Fund will ... |
Orlando-based CNL Financial to launch real estate investment trust Orlando Sentinel, FL - Orlando-based investment giant CNL Financial Group Inc. is planning to launch a new real estate investment trust investing in commercial property globally, ... CNL, Macquarie Form New Global REIT |
Resources
-
No Money Down - Creative Real Estate Investing!
Learn how to control real estate Without credit checks and no money down! You can Buy With No Credit!
-
real estate foreclosures- home69
Proven real estate Investing course specializing in foreclosures and pre-forclosures.
-
Real Estate Investing
How To Start And Run Your Own outrageously Profitable Fixer-Upper Business In As Little As 45 Days, even If You Can
-
Foreclosures - Real Estate Investing - Short Sales.
Learn about foreclosures and real estate Investing techniques like short sales and subject to financing
-
Online Trading for Financial Freedom - stock daytrading strategy.
Stock index trading strategy for beginning and experienced traders alike.
-
Real Estate Investing - Foreclosures
How To Start And Run Your Own outrageously Profitable Fixer-Upper Business In As Little As 45 Days, even If You Can
-
Real Estate Investing Course for Profits in Investing
Real estate Investing course reveals proven real estate Investing strategies using Lease Options and Creative Financing where you can earn big money Investing in real estate with no down and no credit
-
Make money stock trading, day trading, Investing and trading options like the pros!
Turn $200 into $4,630 in 30 days by trading options online from your home PC. Step by step instructions for novices or investment pros. Make money stock trading, day trading, Investing and trading options like the pros!
-
Make real money Investing in real estate by Lou Vukas
Lou Vukas gives you the insider secrets to making real money in real estate regardless of your credit, finances or location at realestatefortunes.com.
-
Real Estate Investing
eBook on Real Estate Investing and Real Estate Marketing


