Hello guys, this is my first blog about investment. Being a good investor is all about education and willingness to try. There are so many facts about investing, that one person or blog just does not have everything. As an investor, you have to do some researches about how to invest and the risk of investment. I am writing this blog to share my experiences in investing.
As a beginner, you should understand the meaning of the word "RISK" as it plays a major role in your investment journey. Always put this in your mind: "No investment is without risk". You may feel safe as you follow the results of your research and consider it as the "right thing to do". But at the end, you failed. Unfortunately, to build wealth over time, investors need to accept a significant amount of risk. Yes, risk is always there. Leaving your money in a risk-free investments such as high-yield savings accounts in a bank is not investing at all. Your money cannot make you rich after so many years if you put it in a bank and wait it to gain interest. It is like planting a mango tree at the age of 80 and waiting for the fruit.
For me, as an investor, my goal is to grow my wealth to achieve financial independence. I am willing to take risk or maybe a moderate risk to be successful. I starter investing at the age of 25. I know that this age is too late for investing. At the age of 21 I think, a person should be investing for a good harvest.
In our next blog, let us discuss and understand what investment is.
Until next time.
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