Don't invest without understanding the basic knowledge

[magnus2022]

While investment seems to be the ultimate way to breakthrough financial hardship, it can be your nightmare if you don't understand the concept very well. There is need to do research and analysis before putting your life savings in investment.
If you don't have required knowledge, you can get a financial broker to help. Though some financial advisor are quite expensive but it worth the service.
Investment is two edge sword, it can save and it can kill.

 

[Suba]

In fact, basic investment knowledge is very simple and easy to apply, such as recognizing your own risk profile, setting clear financial and investment goals, learning the concept of risk and return, investing gradually or using a DCA strategy, diversifying investment assets, being disciplined and adhering to established rules, and avoiding greed. However, investors must also ensure sound financial health and have an emergency fund before investing.

 

[Springtime]

Yes, if you have very limited knowledge and you want to invest, you should hire a financial advisor.

 

[Starmix]

During my first investment, I attended the seminar to acquire knowledge on what will happen to my money once I invested in Mutual Fund. It's indeed disastrous if you invest without knowing.

 

[bluesky]

That's very much true, of course. Many investments involve risks. So you need to be very careful while investing your money.