Kevin Bratch How to Invest in Your Goals? Here Are Some Tips
In the words of Kevin Bratch, no investor wants to invest blindly. Therefore, as investors, we must have targets regarding our investments. It is that which keeps the dream alive, giving us the drive to do more, persevering through difficult times. When investing, one must always have a very solid plan in place if they want to achieve their goal.It helps to keep track of your progress on one hand while increasing the chances of making your goals a reality on the other.
Before you invest, be it in the stock market or any other area that you find viable, Kevin Bratch advises that you must ask yourself a few questions. What are your goals towards the investment, how much money should I pump in the investment to achieve my goals, Do I have any tolerance for the risks that come with the investment, can I afford the investment, are there any protection measures put in place to handle fraud in case it happens, is my financial advisor trustworthy?
Such questions will help you to see things clearly according to your goals. One key area that Kevin Bratch always emphasizes for existing and would-be investors is the issue of risk concerning their investments. This is because any investment always has some level of risk to it and the earlier an investor understands this, the better.
According to Kevin Bratch, when it comes to stock then such risks involvebusiness risk, which normally involves the type of agreement like the purchase of shares or bonds both of which require that particular company to stay in business. In case it goes bankrupt, then investors lose their money. Secondly there is the risk of volatility where stock prices tend to fluctuate. During this period, investors might lose or gain. Inflation risk is when prices go up leading to low purchasing power, thereby, eroding any returns made by investors.
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