If you don't understand what you're doing, and someone talks you into something, then you're kinda screwed. Make sure you know where your money is going and why it's going there in order to gain something from it.
It is important to understand something before you invest in it so that you actually know HOW it works, what the risk is, and what you can get out of it money-wise. You also need to understand your investment option before you invest in it so that you know what kind of investment it is best for - if it is best for an emergency fund, if it is just a savings account, or if it will give you a decent or high rate of return.
It's best to understand how whatever you may invest in, works. You should always read the fine print on items, contracts, etc. There is much less of a risk when investing in things you know about.
because whoever is trying to sell you into it is going to tell you its a great idea, that doesn't mean it is. You need to understand so that you don't get cheated and you don't get yourself into something other than what you thought it was.
Investing in something you don't understand is like walking into a the financial world blind. It's important to know where you're placing your money because God has given us the responsibility to use what He's given us wisely. Learning all you can about any given investment will avoid losing your money and dealing with the stress and problems that could accompany a bad investment that you thought was good simply because you didn't learn about it the way you should have.
You shouldn't just be spending a bunch of money on something that you don't understand and haven't done a lot of research on or your at risk to loosing a bunch of money. You might be investing in something that will fail miserably.
If you don't understand what you are investing in you could loose all your money or take a lot of risk. So make sure to ask questions and know what you are investing in.
If you don't understand what you are buying, you shouldn't buy it, if you do, you could loose all that money and you would also be stuck with something you have no idea on how to use.
It's best to understand how whatever you may invest in, works. You should always read the fine print on items, contracts, etc. There is much less of a risk when investing in things you know about.
If you don't understand what you're doing, and someone talks you into something, then you're kinda screwed. Make sure you know where your money is going and why it's going there in order to gain something from it.
ReplyDeleteIt is important to understand something before you invest in it so that you actually know HOW it works, what the risk is, and what you can get out of it money-wise. You also need to understand your investment option before you invest in it so that you know what kind of investment it is best for - if it is best for an emergency fund, if it is just a savings account, or if it will give you a decent or high rate of return.
ReplyDeleteIt's best to understand how whatever you may invest in, works. You should always read the fine print on items, contracts, etc. There is much less of a risk when investing in things you know about.
ReplyDeletebecause whoever is trying to sell you into it is going to tell you its a great idea, that doesn't mean it is. You need to understand so that you don't get cheated and you don't get yourself into something other than what you thought it was.
ReplyDeleteso you don't screw up and invest in something stupid like the latest gadget or some crazy idea that someone came up with
ReplyDeletetravis
It is important to understand something before investing because they will probably cheat you if you blindly give away all your money.
ReplyDeleteAutumn
Investing in something you don't understand is like walking into a the financial world blind. It's important to know where you're placing your money because God has given us the responsibility to use what He's given us wisely. Learning all you can about any given investment will avoid losing your money and dealing with the stress and problems that could accompany a bad investment that you thought was good simply because you didn't learn about it the way you should have.
ReplyDeleteAdam
ReplyDeleteBecause if you don't understand the investment then you might have missed the "fine print"
You shouldn't just be spending a bunch of money on something that you don't understand and haven't done a lot of research on or your at risk to loosing a bunch of money. You might be investing in something that will fail miserably.
ReplyDeleteeyezik
you should understand what you are doing with you're money because you could loose it all especially if you dont know what you are doing.
ReplyDelete-Jacob
If you don't understand what you are investing in you could loose all your money or take a lot of risk. So make sure to ask questions and know what you are investing in.
ReplyDeleteIf you don't understand what you are buying, you shouldn't buy it, if you do, you could loose all that money and you would also be stuck with something you have no idea on how to use.
ReplyDeleteIt's best to understand how whatever you may invest in, works. You should always read the fine print on items, contracts, etc. There is much less of a risk when investing in things you know about.
ReplyDelete