Investing – an exciting and lucrative occupation financially literate people. Undoubtedly, sophisticated investors like Warren Buffett, many of us, alas, not destined to become. And yet, to achieve certain results in this area everyone can. Or at least try. So, where do you start? The first stage of the first and foremost, you need to revise its own budget and determine whether it can find free money for investment, or on the contrary it is full of debt and unnecessary costs. If such funds are available – well fine, go on.
The second stage at this stage it is necessary to understand whether you are prepared (both financially and psychologically!) systematically to let some money to invest, whether aware of all associated with this action are the risks? What sources of income you have available? How will it affect the investment activity in the overall picture of your life? Need to bear in mind that when it comes to long-term, high yield investing, then the situation can be quite unpredictable. You can earn, you can not earn, but you can lost … The third stage of identification of investment objectives. Need to find out for yourself, for what purpose will be to accumulate funds – to buy a home, car, ensuring a carefree old age, children's education … Investment goal should have the numeral (money), the expression, taking into account, of course, inflation factors, cheaper / more expensive the target object (target), etc. How much money do you need to achieve the given goal? By what date they will Need? The fourth stage of gathering additional information.