- Before investing...
- Choose your financial professional
- Determine what type of investment is best for you
Before investing your savings, you must know yourself well. After all, you're the boss and it's your money that will be invested! You have to be comfortable with what you do with it.
It's important to determine your investor profile. To do this, answer the following questions:
- How much money can you allow yourself to invest?
- When do you want to invest your money? What is your investment horizon, in other words?
- What are the reasons motivating you to invest?
- What are your financial objectives?
- How much tolerance to risk do you have
To help you sketch your profile, read the following scenarios:
Find out your level of risk tolerance
Do you cope well with the idea of losing money? You should know that in certain cases it could happen, because no one is safe from potential losses. So be realistic and tell yourself that there are generally some risks that come with investing. Do you think you're ready to take some? Good. To help you find out your level of risk tolerance, take our test. It will help you determine how you much risk you are willing to take.
