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Investor must know about Investment and Loan

Friday, August 28, 2009 | Labels: , , | |

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Investor must know some basic of Investment and loan. Loan and investment are two side of same coin. If you want to financially secure life style and increase you money, then go through simple but powerful step.

INVESTMENT

DOs

  • Start early and stay invested for ther long-term to febefit from compounding effect.
  • Do your homewrok on the company before investing in a stock or mutual fund.
  • Monitor the performance of your investments once in every quarter.


DON'Ts

  • Don't take exposure to a single asset class diversify across stocks and mutual fund.
  • Don't stop SIPs in mutual fund merely on the basis of short-term basis.


Loans
DOs
  • Make a list of loans and asses the costs attached to each of them.
  • Always repay expensive unsecured loans first.
  • Liquidate low yielding assets to repay expensive debt.
  • check if there is a prepayment penalty.


DON'Ts

  • Avoid taking more than two loans at a time.
  • Avoid high outstanding on credit cards.
  • Consult a credit counselors if your debt position becomes unmanageable.

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