Investing has long been a great way to make your money work for you, if you are sitting on some savings then you should consider what investment opportunities can do for you and your wealth. It may seem a little scary at first, placing your money into what is essentially a gamble, once you get started however you will see that it can be very rewarding. Regardless of whether you have strong knowledge of the markets or not, you can still get started with various forms of investment and look to increase your savings. If investment is something that you’re looking to get involved in then here are the things that you should be considering.
Personal or Private
One of the first decisions that you need to make is whether you will control all of your investments or if you will hire a private company or fund to do your investments for you. Unless you know your market of choice very well then I would recommend that you used professionals. My investment manager Javier Garcia Teruel Avila is incredibly experienced in the finance industry, he has spent much of his career in private equity investment and gained an MBA from Harvard University. Juan, has helped me gain some strong returns over the years and more importantly, I have faith that he will invest my money wisely. If you are going to go private then you need to ensure that you have faith and trust in the company that you use.
What do You Want to Gain
It is important to decide what you are looking to make out of your investments, not necessarily a financial figure, more a time frame and what kind of percentage yield it is that you want from your money. You could opt to invest low-risk and look to gain regular dividends over a long period of time, alternatively you could be looking for a riskier strategy that makes you faster money by buying and selling. Once you know what you are looking to get out of your investments then it will be easier to form a strategy for how you will approach the market.
Studying
Even if you plan to use a professional to make your investments for you, it is imperative that you not only have a strong understanding of how the market works, but stay well informed of its daily movements and potential impacts. Not having sufficient market knowledge will mean that you will be blindly investing, a certain way to lose money, if you are working with professionals then you will leave yourself open to the possibility of people taking advantage of you. Make sure that you study the market that you want to go into and make the effort to check daily what is happening with your investments.
Caution
Finally, it is important that during your first year at least, that you approach investment with caution, keep your level of investment low and make sure that you can afford to lose a percentage of however much you decide to invest. Once you have found your feet in the market then you can take on a different strategy but my advice would be to play it safe when you first start out.