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Deciding What Your Investment Goals Should Be

Jan 24, 2008
It is true that many investors are not rich. The main reason for this is just jumping right in and assuming no skills are required. This is far from the truth as steady profits from investing usually come to those with the right knowledge. There will always be risk with investing but there is more risk if you invest without learning first.

You not only have to learn the ropes so to speak but you should also know why you are investing in the first place. You cant just say "I want to make more money" and then jump into something like penny stocks. Thats an empty plan and a recipe for disaster. Really sit down and think about you goals, dreams, and aspirations. Write all this down on paper and decide how you can achieve these things through different types of investment whether short-term aggressive or long-term conservative.

Lets talk about realistic expectations. So many people go into investing with the unrealistic expectation that they will become rich in a day or a week. Im sure you have heard stories of this actually happening but remember this not the norm. Thats lottery hopes. Real money will come and can come quickly if invested correctly. If youre only interested in making money quickly and are willing to accept the risks associated with such investments then you should become as smart as possible on those types of investments before jumping in.

If determining your investment goals seems like a daunting task then you may want to consider speaking with a financial planner. Thats what they are there for and they can save you a lot of time and effort. You can expect realistic goals from a financial planner for they have nothing to gain by misleading you.

Take you time and remember that there is more to investing than just giving someone your money and hoping to win big. A big part of investing is first investing in knowledge that will pay dividends over and over again throughout the years as you invest.

Be careful and be safe with your own money as no one else will care about it as much as you. Diversify and make methodical decisions that will manuever you in a position of profits. You will see this is easier than it seems as you begin. Just stick to the basics of investing never veering for investing fads. Good luck and happy investing.
About the Author
Scott Johns is a webmaster of a penny stock website . Go to his website to see the Best Penny Stocks and Picks .
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