If you are new to the world of stocks, bonds and other financial instruments, you should know that investment is both an art and science. Only after you understand how the financial market works should you start making your investment plans. Here are a few things you should think about if you are keen to invest your money.
Understand Your Risk Appetite
You must not only be open to the risk of losing money but also decide exactly how much you can afford to lose. You should realize that every investment carries some inherent risk of loss and that some investments carry higher risk than others.
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