The document provides advice for prudent investing. It recommends evaluating your financial condition and investment goals before investing to avoid losses that could harm personal relationships. Investors should understand the risks of different investment types like stocks and mutual funds and invest within their comfort level for the long term. The document also advises maintaining an emergency savings fund of 4-6 months of income to protect against unexpected hardships and avoid using credit for investing due to high interest rates.

1. The richness of
investment

2. The foremost necessity to indulge in investment is to
cover the unexpected loss and extra liabilities in near
future. Do a detail evaluation of your financial
condition; you are best judge of yourself. Remember
the risky factor in your types of investment i.e.
stocks, bonds, or mutual funds may swipe your
entire principal amount. Your rational decision would
safeguard you from any misery in your personal life
and relations. This way the overall investment
returns have a smoother scene. Your risk for losses
is reduced at larger level.

3. You have to clear the notion in your mind that for what
purpose you are investing. Long term investment
usually gives you profit. Don’t invest beyond your
comfort zone. You are investing and not gambling.
Create and maintain an emergency fund.

4. It is advisable to keep 4-6 months of income in your
savings account; if any drastic loss happens then your
family has resources to eat and children to study. Don’t
use your credit card for investing; it may result in higher
debt and interest rates. Never invest heavily in your
employer’s stock. Its poor performance may take off your
job.

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