MAKING MY MONEY GROW _Invest Wisely

ALOTS HAS BEEN WRITTEN ON THE ISSUE OF MONEY BUT ONLY FEW HAVE BEEN ABLE TO USE IT. I know lots of us have read lots of book on money; why not try this few steps:

1.         Think about where you want to be _Draw a personal financial roadmap. 

Before you make any investing decision, sit down and take an honest look at your entire financial situation -- especially if you’ve never made a financial plan before. 

The first step to successful investing is figuring out your goals and risk tolerance – either on your own or with the help of a financial professional.  

2.       INVEST IN WHAT YOU HAVE KNOWLEDGE ON_Consider an appropriate mix of investments.  

I know you want to make a lot of money but you must be careful not to just put where your selfish interest leads you. You must invest only in the business you knowledge on that help you achieve your financial goal.

If you intend to purchase securities - such as stocks, bonds, or mutual funds - it's important that you understand before you invest so that you do lose all of your money.

3.     As a BEGINNER _Be careful if investing heavily in shares of employer’s stock or any individual stock.

One of the most important ways to lessen the risks of investing is to DIVERSIFY YOUR INVESTMENTS. It’s common sense: don't put all your eggs in one basket.  By picking the right group of investments within an asset category, you may be able to limit your losses and reduce the fluctuations of investment returns without sacrificing too much potential gain. 

4.     Create and maintain an emergency fund. 

To protect yourself and the your investment goal put enough money in a savings to cover an emergency, like sudden unemployment.  Some make sure you have up to six months of  income in savings so that you know it will absolutely be there for you when you need it. 

5.         If you are working _Take advantage of “free money” from employer. 

In many employer-sponsored retirement plans, the employer will match some or all of your contributions.  If your employer offers a retirement plan take advantage to add your quoter 

6.       Avoid circumstances that can lead to fraud.

Scam artists read the headlines, too.  Often, they’ll use a highly publicized news item to lure potential investors and make their “opportunity” sound more legitimate.  The SEC recommends that you ASK QUESTIONS  and CHECK OUT THE ANSWERS with an unbiased source before you invest.  Always take your time and talk to trusted friends and family members before investing.