Are You Making Good Financial Decisions?

Seven questions to ask yourself before you invest

Marco Caprotti 19 November, 2020 | 10:42AM

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Good financial planning decisions extend well beyond where and how you invest. A number of important and complex decisions must be made before you buy a stock, bond, or any other type of investment. Before you do, ask yourself these seven questions to understand if you are about to make a good financial decision.

Question 1: Why Invest At All?

Before investing it is important to ensure your money is being used to best help you achieve your goals. For instance, depending on your own personal circumstances, it may make more sense to pay down existing debt before you invsest, especially if you have any high-interest  debt such as a credit card. It also makes sense to build an emergency savings fund or purchase insurance before you put money into the stock market. 

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The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

About Author

Marco Caprotti

Marco Caprotti  è Giornalista di Morningstar in Italia.

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