Seeing a financial opportunity for what it is can be tough. It seems there are a million snake oil merchants out there just waiting to take your hard earned money through deception alone. We’ve all heard of pyramid and Ponzi schemes, and those strange little investments which seem promising but might not come through. I really wonder sometimes how so many people get caught up in it.
The get rich quick mentality is true! I remember a time when a close family member got caught up in one of these Ponzi schemes and lost all of her life savings! I ended up loaning her some cash and I am still waiting to be reimbursed (it’s been 10 years!) It’s important to keep your head in these instances because a mistake can quite clearly put you off from taking risks for life.
This needn’t be the case. If you’re smart (and we know you are,) you likely have plenty of investment potential and reward to be gained through sensible action. However, when it comes to making the right investments when financial opportunities present themselves, it’s important to adhere to the following:
Go Through Official Channels
It’s important to trust in the places you invest with. This means choosing those that are verified by an independent authority and preferably regulated to a degree. This might mean being exposed to mass investment and never gaining ‘the edge,’ but at least you’ll be in with a fair shot of real reward. This might also require somewhat of a larger investment to get started with, but that doesn’t lessen the potential positive impact with which you start. The deck isn’t stacked against you from the beginning, so to speak.
It also pays to stick with one official channel. This might be a stock investing platform, a singular investment bank, or another resource that is verified for handling money matters. The familiarity you build with an official business or service might lend rewards down the line, and the rapidity of your use and reading of the situation will escalate and benefit you in the long term. So, be patient.
Invest In Positive Stocks
There are many smaller stocks to invest in. Some are for smaller amounts and offer larger risk/reward ratios. Some businesses seem to promise the world in exchange for your initial investment. We’d recommend only investing in positive stocks. This is the best way forward. This can mean your value might appreciate slowly, but it can at least do so. (Remember patience?) Stick to environments such as the right Qualcomm stock quote, or even investing in the fortune 500 for a reliable investment. Strength over volatility is worthwhile, especially if you’re hoping to wrap major savings in these companies.
Only Invest What You Can Afford
Often, people hope to appreciate more growth by investing more money than they otherwise might. The justification here is that funding can quickly be pulled when things go wrong with little harm. This is true to a degree, but that doesn’t mean your investment is completely guaranteed. Wise, wise, wise investment habits must be followed, and this is so essential it’s worth repeating three times.
While investing is an incredibly slow form of gambling, it does not mean you should consider this one hundred percent safe. As we saw from 2008, even the housing market can be volatile and unexpectedly implode. Be sure all investments you make are run through an accountant, someone with financial competence, or simply through stringent personal calculations. Being informed and reading the appropriate financial news often will also put you in good stead.
Seeing a financial opportunity for what it truly is can be difficult. But with these simple bits of advice, you can experience positive results. Even if you are a SAHM, and especially if you are, you do have financial worth as a SAHM and you should be willing to read up, learn, and share.
Now, you should be savvier with your money when financial opportunities arise and avoid ‘snake oil’ merchants and investments when you hear about them.