Investing Is Good, But Which One?

I know. It's been 'years' since the last time I posted here. Let's pretend that I updated this blog yesterday then let's move on. I'm sorry.

Investment is a big word. I don't think any person would admit that he knows everything about it. But most investors, businessmen and entrepreneurs know something about everything and they invest in most of them but specialize in just one or maybe a couple of them. Generally, investing is good. But if you are to choose one for yourself, which one would be the best?

Where will you put it?

They will tell you that one thing is better than the other. But it's always more about who is talking than what he's talking about. We can't move away from biases since people will favor more about what they do and what they sell. But as the receiver of the information, you must be the one to gauge which of these facts you can put in use. But before acting up, ask yourself why you must do it. Don't do anything at all of if you can't answer this first.

For every type of investment, there will always be advantages and disadvantages. There is no perfect investment but there is that one or a combination of them that perfectly suits you. And it's true that there is one type better than the other but there's always an asterisk in the word "better" there. It will be based on your needs, objectives, capability, character and knowledge. There are many considerations before you start.

- How old are you?

- How much do you earn?

- Are you single? Married? With kids? A breadwinner?

- Are you planning to set up an emergency fund? Fund for your children’s education? Retirement fund?

- Can you tolerate big risks with your money?

- How much time you can spend managing and studying your investment?

Different answers to question above leads to different directions on which investment to take. It’s not that complicated as it sounds. You have to know what you need and what you want to do. That’s the fundamental thing since every plan you have in your life must start in knowing and familiarizing with your current status before deciding which move you can do next.

We can begin here. Put your answers to the comments section below, or you can send it to my email then let’s discuss which investment vehicle you need and you can start from. Email me at laymaninvestment@gmail.com. Thanks for reading. Expect more frequent posts in here from now on. I promise.