In response to my post on Factors to consider before investing last week Ajay Mehra – reader of blog have some more tips to add to each factor and so I thought I will share them with all.
- Invest with eyes open. Go for a No debt profile. Loans would be justified for value addition like House/Education and very immediate needs with a clear repayment plan.
- Security/Return/Liquidity are the three parameters, which need to be looked into before Investing. Thereafter factors like AGE and your Personal Priority Plan also need to be considered.
- Avoid gambling. Invest according to your risk profile, and for long term goals. Re-look and reassess your portfolio from time to time also.
I will encourage if there are more tips which you want to share leave them in comments or can even email me and I will add them to the list.