12 Important Steps to Investingby Unknown
Here are the twelve important steps that an investor must know before making any investment. Practicing these steps will protect you from making avoidable mistakes or errors that cost money. 1. Obtain written documents explaining the investment. 2. Carefully read and understand all these documents. 3. Verify the legitimacy of the investment. 4. Find out the costs and benefits associated with the investment. 5. Assess the risk-return profile of the investment. 6. Know the liquidity and safety aspects of the investment. 7. Ascertain if it is appropriate for your specific goals. 8. Compare these details with other investment opportunities. 9. Examine if it fits in with other investments you are considering or you have already made. 10. Deal only through an authorized intermediary. 11. Seek all clarifications about the intermediary and the investment. 12. Explore the options available to you if something were to go wrong.