You Are Not Ready to Start Investing Yet
9 self-evaluation questions to help you get ready
Disclaimer: This article is meant to share some personal experiences that I learned during my journey to personal finance and wealth building, and in no way should be considered as investment advice.
Introduction
In this article, we discuss 9 self-evaluation questions that would enable you to assess yourself to determine if investing and wealth building is something you are ready to get into. Wealth building is a very complex topic, and it requires a lot of knowledge to learn the basics. Having reliable information and knowledge about wealth building would help you build your confidence in the wealth building process. It is often recommended that an investment be made only when the investor understands the asset they are investing in. Never invest in something you don’t understand, otherwise you will always be a loser.
9 self-evaluation questions for beginner investors
1. Who am I?
The first thing is to know who you are. Investing is very risky, and most people that lose money, do so because of behavioral aspects of financial markets. Inexperienced investors would invest in an equity when there seems to be a bubble and…
