Most investors invest in various investments vehicles as stated in the previous article without a plan, and as a result they also lost money in the market. According to Robert Kiyosaki in his book: RICH DAD GUIDES TO INVESTMENT, investment is a plan.
Investment entails a complete and total body of knowledge. And for one to be successful with his investment, it means one will be totally commited to his investment education. But most atimes investors entrust their hard earn money completely in the hands of the so call professional without understanding how the money is being managed.
The time people spend in searching or shopping for the non essential things in life, like groceries. toilettries, automobiles, rented apartment etc, if half of the time is used in planning and shopping for investments, alot of people will be financially free.
Before commiting funds into any investment, take out time to research the investment, determine you entry and exit strategy look all both the risk and reward side and weigh the two before taking ACTION. With all these in place you can then be said to be investing with a plan.
Friday, July 31, 2009
Monday, July 27, 2009
WRONG REASONS WHY PEOPLE BUY STOCKS
Despite the recent melt down in the Nigerian capital market, stock investments still remains one of the most viable investment vehicles in Nigeria, particularly in the area of liquidity and the entry and exit window provided by this investment vehicle.
Investors confidence, has been battered in the market in recent times. The reason is that people have varied reasons for investing in stocks. We will be looking at some of these wrong reasons, why people invest, that makes them lose money in the market.
Some invest because they just feel like it. This is wrong because investment is a plan. And you should have a plan on groung before investing.
Others invest because they heard that stocks investment is good and profitable. So they go ahead and invest without due diligence.
Yet some others invest because everyone is doing it.
These and many other reasons are why people loose money in stock investment. Watch out for the reasons to invest in the stock market, if you really want to make money in the market.
Investors confidence, has been battered in the market in recent times. The reason is that people have varied reasons for investing in stocks. We will be looking at some of these wrong reasons, why people invest, that makes them lose money in the market.
Some invest because they just feel like it. This is wrong because investment is a plan. And you should have a plan on groung before investing.
Others invest because they heard that stocks investment is good and profitable. So they go ahead and invest without due diligence.
Yet some others invest because everyone is doing it.
These and many other reasons are why people loose money in stock investment. Watch out for the reasons to invest in the stock market, if you really want to make money in the market.
Subscribe to:
Posts (Atom)
