subject: Role of investment research in economic crises [print this page] In this troubled economy, where investment market place is very tough, need of research is more important than ever. There are number of options available in the market to conduct your research, such as, financial planner, wealth managers, investment planners etc. But never rely on solo source; always remember one thing, at the end of the day, the one who truly has your interest is only yourself. You can find good financial planner but there are many disadvantages in it. May be you find any sincere advisor or planner but that person also thinks his commission first. So, you can not remove biasness completely. Another important thing is to consider are they also having other accounts; they are not solely work for one person. Your main objective is to generate as much as possible money, then why to give some share to planner or advisor? No one wants to share his/her hard earned money with some one else. In order to save your hard earned money you should educate yourself about investment planning. There are many ways to educate you, few are described below:
If you are a beginner:
If you consider your self as a beginner and you need to learn from very basics or scratch, best option is to buy books on personal financing. This literature reading will clear your concepts and you will also learn the terminologies this profession. You can learn about taxation, how to manage your finances etc. This reading will develop your basics and allow you to start practicing.
If you already know the basics:
If you think you know the basics and you do not need to learn more about investment than you should start observing markets, different companies, sectors growth and past trends, update your self from latest news, keep eye on different stocks etc.
Insight news:
Try to develop contacts with people who can give you crucial news which can be helpful to accomplish your goals. There are different sources such as; newsletters, press release, different forums and social networks.
Never rely on one source:
Never rely on one source or one method, always enquire from different sources and than develop rational to take final decision.
These are the main areas where you can save your money in this troubled economic situation and allow yourself to enjoy greater perks. The role of investment is very much clear that you should rely on you and give yourself better chance to excel in this area.
Role of investment research in economic crises
By: Ayaz Haider
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