Factors to consider before investing

Before you invest your hard earned money in a particular investment vehicle, it is of paramount significance for you to know:

• What do your finances look like right now
• What is the goal of your investment- short term income, medium term growth or long term wealth
• What is the investment time frame you are looking at- short term, medium term or long term
• Know more details of your Investment Vehicle- Do not invest in anything you do not understand
• Minimum and Maximum amount limits of your investment
• If your Investment is portable to other vehicles without any penalty
• What is the ROI as compare to other investment vehicles
• How liquid your investment is in that particular account
• What is the level of risk involved
• Tax implications on your investments and returns
• Is it the only good investment option for you

 The mistake of making a wrong choice can not only offset the profits of your investment but also defeats the whole purpose of investing. Do your due diligence before investing and always remember past results of any investment do not guarantee its future performance.

Here is a link from SEC to learn about the 10 things to consider before you make investing decision.