Successful Investment – the “DO´s and the DON´Ts”

I have been working in the investment industry for nearly 33 years. Over that time I have made a few mistakes and have had many successes. This week one of my clients, a very successful young Kampala man, told me that whilst he had made a lot of money in business he had lost a lot of money that he had invested. He asked me what advice I would give him to help him make better investments. Based on my experience here are ten “DO´s and DON´Ts” for successful investment: DON´T do it if you don´t fully understand it If you don´t understand EXACTLY how an investment works then either you are being scammed or the person promoting the investment isn´t competent enough to trust with your money. If you are unsure about any aspect of the investment don´t do it!!!! DON´T ever invest money that you may need quickly There is an element of risk in every investment. Even the investments that safeguard your capital may require a longer term than initially scheduled. If there is any chance that you may need the capital you are investing returned quickly then it is not money that you should invest. DON´T