Archive for July, 2009

Knowing Your Investment Goals And How To Go About Achieving It

If you are new to investment, are you like one of the many ‘fresh’ investors that jump right in without a proper trading plan? If you are, you are not alone. Unfortunately, base on general statistics, few of the investors who adopted such an approach are successful.

You see, investment itself is a process, whereby you have to learn. Broadly speaking, there are two main categories of approaches: technical and fundamental analysis. Prior to doing all these homework and studies, you must also know what are your investment goals, basically considering factors like will the fund be used for what purpose and at what time frame.

Many a time, people thought that stock investment is for easy money and you may be surprise (but it is happening everyday) that a person may spend more time comparing models when buying his LCD TVs or laptop but bought his stock based on a ‘good tip’ from a friend.

Don’t do that.

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