The first step to successful investing is figuring out your goals and risk tolerance – either on your own or with the help of a financial professional. There is no guarantee that you’ll make money from your investments. But if you get the facts about saving and investing and follow through with an intelligent plan, you should be able to gain financial security over the years and enjoy the benefits of managing your money.
Secondly, All investments involve some degree of risk. If you intend to purchase securities – such as stocks, bonds, or mutual funds -it’s important that you understand before you invest that you could lose some or all of your money.
Last but not the least, Scam artists read the headlines, too. Often, they’ll use a highly publicized news item to lure potential investors and make their “opportunity” sound more legitimate. Always take your time and talk to trusted friends and family members before investing says Sachin Karpe