Safe investing is knowing yourself

Safe investing requires self-knowledge and discipline. The tips for safe investing human limitations that we all have to some degree can make investing more unsafe. For some people, it is simply unwise to make investment decisions on your own. For puchong kinrara condo for rent you can have the perfect options also.

Is it wise for you to invest yourself?

Choose solid providers

From the first it became clear that there are fraudulent providers. There are a number of checks you can do to say with more certainty whether a provider is bona fide:

Only investment firms with an AFM license may provide investment services or perform investment activities in condo near klcc. A financial professional who is DSI certified is regularly tested for integrity, knowledge and competence. Check here if the professional is DSI certified. Read more about the DSI. 

But beware: Even these institutions cannot guarantee that a provider is bona fide. They can, however, say whether it meets their requirements. 

Pay attention to the costs

Safe investing also means that you limit the investment costs. The effect of costs on the return can be considerable. Take, for example, 1% extra annual costs with an initial investment of 100,000 euros. After 20 years, this will easily mean tens of thousands of euros less return, depending on the return achieved. Not exactly safe so that costs.

Beware of past returns

Providers like to screen with past successes, but they are not always reliable, because:

Past returns are no guarantee for the future. Research shows that most professional investors fail to beat the market year after year. It is certainly not when the costs of their services are included. Parties that do succeed may have been pure luck. Most investors should therefore opt for index tracking services rather than services that try to beat the market.

Invest for the long term

When you invest, there is always a market risk, the chance that the market as a whole collapses and investments lose value. This will happen from time to time. An example helps clarify the importance. Take someone who needs their money in five years and invests it now.

Look ahead

One of the advantages of investing in real estate is the added value. In the past, it was easy to juggle with added value parameters that should ultimately deliver the icing on the cake. Know that the added value is only realized with the sale of your property. ‘Always ask yourself the question: who can buy my investment within about 15 years? Is that another investor or a private person who wants to live there himself? If the choices are very limited, it will affect the selling price. If you invest in a Titiwangsa apartment, the only buyer of your hotel room is another investor.

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