SOME FACTORS THAT ONE SHOULD CONSIDER BEFORE MAKING AN INVESTMENT DECISION

A Nugget on Sex & Intimacy
17th June 2017
Importance of acknowledged certificates for online courses
17th July 2017

SOME FACTORS THAT ONE SHOULD CONSIDER BEFORE MAKING AN INVESTMENT DECISION

Begin today with what you have.
A penny in the hand today is worth many more in the future. Many a time saving to purchase what you wish to buy in the future may be an exercise in futility, hence the reason to take up competitive loans whose interest rate is lower than the capital gain over time made of the investment one wishes to purchase.

Have a financial plan.
Factors to consider when making your financial plan include;your earning power, future financial hopes, dreams and aspirations, ones appetite for risk. Ensure that your investment portfolio is diverse. The good news is that there are now finance professionals to aid one in making financial investments.

Other factors to consider when making investment decisions is to invest in good medical insurance and your health. Going for wellness check ups and maintaining a healthy lifestyle ensure that one reduces the risk associated with health set backs that can seriously set one back financially.

Consider you age. When you are young, you can wait for a long time to have your investment bear fruit. When we are younger we have fewer financial responsibilities, more disposable income and can pick ourselves easily when we make financial mistakes. Indeed, when we are younger we have the freedom to make riskier investments with more earnings. However, as we grow older and our money making years reduce, our appetite for risk reduces and we become more prudent in keeping our monies in a relatively safe environment that will cushion us in our sunset years.

Consider too the time before you need the money. If you need the money invested in a relatively short span of time you do not have the leeway to place your hard earned money in risky investment tools, however, if the returns in the money invested is needed in a longer period of time one has the freedom to place it in riskier tools. Consider too how easy it is to convert the value of ones investments into cash that is liquidity. Some investments are harder to convert into cash than others within the same period of time. Some investments charge hefty charges and penalties if withdrawn in an earlier time than their maturity date, consider that too.

Finally, be the type of person who is always eager to empower oneself on Financial Literacy. Be one person whose ears are perennially on the ground on financial matters. Be the type of person who is in touch with economic trends. Do you know for example the effect of inflation and lending interest rates on the investments that you have made or plan to make both in the short term and long term? Invest in yourself and income making capacity. Learn new skills, take up extra classes. We are privileged to live in an age with financial professionals and other experts in different type of professionals who can boost our investments.

Indeed there are several other factors to consider when making investment decisions that may not have been captured in this article but this article was meant to jog our minds in factors to consider when making investment decisions.

Do you agree with this article? Might you have any more factors that one should bear in mind when considering making investment decisions?

Thank you for reading this article and do have a lovely day/night whatever time of the day this blog post finds you at.

Have a lovely week ahead growing your investments!

July 2017 – # Operation Inua Maisha
A Focus on Leadership Opportunities and Investment Opportunities in Kenya

©
Kwambie Nyambane,
July 2017.

Disclaimer:
The writer to this article is a Business Development Consultant in Nairobi, Kenya and has an MBA from the University of Nairobi. She has a deep interest in Human Wellness and Inspiration matters which includes financial well being.

Thank you for reading this article and do have a lovely day/night whatever time of the day this blog post finds you at.

Have a lovely week ahead growing your investments!

July 2017 – # Operation Inua Maisha
A Focus on Leadership Opportunities and Investment Opportunities in Kenya

Kwambie Nyambane
Kwambie Nyambane
Kwambie Nyambane is a Sales Force Effectiveness Manager in a leading bank in Kenya ‘by ', a passionate inspirational blogger 'by night'; and a wellness enthusiast championing healthy lifestyle choices. The founder and lead writer of this blog is a Bsc. Food Science and Post -Harvest Technology graduate of the Jomo Kenyatta University of Agriculture and Technology, Kenya, holds an MBA in Marketing from the University of Nairobi and is currently pursuing a PhD in Business Administration from the University of Nairobi. Kwambie is a member of Bloggers Association of Kenya. She believes in taking life with a big spoon, seeing the cup always as half full, and enjoying the scenery in this journey called life. Kwambie is mother to one beloved son nicknamed "The Champ";, sister to Marci and beloved auntie to the A & Z girls. She and her family make Nairobi City, Kenya their home. This blog is dedicated to her parents Moraa and Nyambane for their awesome inspiration in her formative years, for being her pillar of strength through life, her siblings Marci and Joash, and to her son "The Champ" and her nieces who represent the generation that came after her. May the nuggets contained in this blog serve many generations, the world over to come.

Leave a Reply

Your email address will not be published. Required fields are marked *