Why would you plunge your money into these risky investments? The answer is to have enough money to live comfortably when you stop working. That is why we set up pension schemes and invest money in the stock exchange or investment funds.
That is why you need to take the time to invest, starting by opening a brokerage account. You shoul only be investing in what you understand. This strategy will save you more than one headache and probably bring you larger returns.
Talking about understanding, understand commissions and taxes. Some investments are not as good as they seem because of the commissions associated –this is true in mutual funds and when selling stock.
Taking risk is inherent to investing, and if you do not take any you will probably not achieve substantial returns, however, learn to take the right amount of risk and how to diversify to survive the market ups and downs. Take responsibility for your investments and follow them, so you are aware at any time what is going on and stop any unwanted event. Learn whichinvestment tips to trust –none, until you have researched a little yourself to confirm it- and not to trust –anything that comes up to your mailbox without your previous request and more.