If a stranger asked you to hand over a few thousand dollars of your money, would you?
This is the same question people should be asking themselves when they invest in stocks because they get caught up in the hype of trends or other people’s advice. Investing in stocks is risky business because you lack control.
Maybe you want to invest in stocks because business magnates like Warren Buffett are making a fortune from it. However, what works for him may not work for you.
What the rich won’t tell you is that what you choose to invest in depends on your personality, mindset, and skillset, not how much money you have. If you’re thinking of investing, consider these three factors: how often you want income, how much risk you can tolerate, and how much control you have over your investment.
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