WHAT TO DO B4 U INVEST !!!!!!

Prerequisites to investing

1. LIVE WITHIN UR MEANS:
If u find urself constantly running short of cash towardthe end of the month, you may need to institute better budget controls and probably will not have any money available for investments. On the other hand , if u are not overly indebted and generally have money available for regular expenses,small gifts and occasional indulgences, you shld begin thinking about an investment program.

2. CONTINUE A SAVINGS PROGRAM:
A good financial manager saves regularly to acquire goods and services or to build an emergency fund. Even u must save so u can make periodic investments of the collected savings !

3. CARRY ADEQUATE INSURANCE PROTECTION:
Liability insurance protects your assets and lifestyle in the event you are sued, and health insurance will reduce expenses if u or a member of ur family falls ill . life insurances are frequently purchased in conjunction with investments to protect the lifestyle of dependents in the event of an investors death.

4. THIS HE MOST IMPORTANT : FINANCIAL LITERACY!!!!
Before u start investing in stocks it would be advisable to be familiar with the terms and fundamentals ,, its not difficult .. u will learn tht with time .. try reading business paper . it will definitely help .there are lots of sites tht will help u learn better too!!!! U can also practice with virtual money at www. moneybhai.com , it’s a beautiful site and free of cost .