Investment: Patience

Once we have invested and set an investment goal, we must stick to our plan. Stopping a SIP and withdrawing an investment suddenly would not make us successful in investments.

Problem is not with the investment which will give the fixed return but with the investment which has uncertain return.

Investing is like planting a seed and watering it regularly. We must give it the required time to grow. This is really the hard work for the investors. Many investors fail in investment as they quit investing when they see the things are going as they have planned.

If we have planned well, selected well and invested or investing well, all we need is have patience. 

Investment Types

Types of investment depends on the choice we make. Investment can be of the type suitable for us.

Investment ranges from least risk one to highly risk one. The choice of investment is highly depending on our basic character. How risky are we?  The simple answer to this question helps in the selection of the type of our investments.

Setting goals, terms of the goals and types of investment makes the complete planning in the matter of investment.

Investment Goals

Investment goals are as important as the investments. Investment without any goal is just like vagabond.

So there should be goals set for investments. Whether you are investing money, time or energy, there should be goals set to record the performance. If the performance is as expected, you are in the right direction and if the performance is below expectations, you need to change your goal.

Goals may be short term or long term or both. After you achieve your short term goal, set another one or extend it to a long term one.