Before you invest your money, be sure that you will not be ripped off and therefore, it is advisable that you follow the tips below to ensure that you get the best from your investments and you do not get any surprises.
Investing safely
Questions you should ask before investing
* What sort of investment is this?
* Who is involved in providing it to me?
* How much do I pay?
* What are the charges?
* What returns will I get?
* What are my risks?
* How do I cash in my investment?
* Who do I contact to inquire about my investment?
* Is there anyone I can complain to if I have problems with the investment?
* What other information can I get about this investment?
10 top tips to avoid losing your shirt
1. Diversify – don’t put all your eggs in one basket.
2. Don’t invest in something you don’t understand.
3. If it looks too good to be true it probably is.
4. Do your homework, research it.
5. Look at the track record of the people involved.
6. Understand what risks you are taking to get the rewards.
6. Get advice from someone you trust.
8. Don’t be afraid to ask questions.
9. Past performance is not necessarily a guide to the future.
10. Review it – don’t just invest and forget.
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