Connect the dots: invest when business grows

The trios of investment and its importance to make profits.

07:08 25 August 2013

Many people begin to invest when prospects start looking up. If you happen to be in the mood for investing, here are a few tips to keep in mind if you aren’t already familiar with the world of investments:

• Limitations—it’s important when considering investing, to know your limitations. Only invest what you can financially afford to lose and what you are comfortable losing. Set your limits in advance of any consultations and resist any pressure to invest just a little bit more than your targeted amount. If you don’t have a specific amount, hold off on investing until you have it. Rushing into an investment could cause undue stress and financial issues.

 

• Expertise—even if you have extra money and want to try investing on your own, it’s a good idea to do some research first, or consult a professional. A good compromise might be to set a separate monetary goal for your own investment attempts, and another goal to use with the advice of a professional.

 

• Patience—many people investing for the first time can be disappointed when results aren’t as expected. Setbacks are to be expected, and the good thing about investments is that they aren’t considered a failure just because of a rough patch.