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| Investing To Grow Your Wealth |
The Investment Myths
Most people who are unfamiliar with investing tend to think of it as a very risky activity, not unlike gambling. They prefer to keep their money 'safe' in bank deposits, especially when they see high volatility in global stock markets. Some may even vow never to invest again after they burnt their fingers buying stocks on the recommendation of others.
However, this impression can be highly misleading as it is based on speculative trading rather than genuine investing. Many inexperienced investors also associate investing with nothing but the stock market. Nothing could be further from the truth as the universe of investment assets is not only huge but ever-growing. Growing your wealth is often a process of investing wisely. That is why a good education in investing is of the utmost importance in financial planning. |
With a wide spectrum of investment products ranging from bonds, unit trusts, structured products to forex products and so on, you may encounter the problem of matching yourself to the right investment.
Here are the steps to invest wisely:
1. Get to know various investment products, including their features and risk levels
2. Select those products and investments which are suitable for you in terms of risk tolerance, investment objectives, investment period and so on
3. Review the performance of your investments regularly
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To get know investment tips, you can also visit the SFC's InvestEd website.
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