Bangalore: When we plan to make an investment we tend to consider the reasons that motivate people to invest. People invest their hard earned money with the single motto to accumulate more wealth. Investment can be risky irrespective of the condition of the financial market. Most of the time people are motivated because of an emotional reason rather than a logical one. You need to have a personalized plan first. The first time investors make their decisions based on what others say or think or they go by the market conditions. They fear indulging into any risky investment.  First it is important for you to take a look at your own financial books. If you have doubts like - whether you should invest or pay off your mortgage, you must make the decision based on your financial condition.

Investing “now” just because that is commonly true might be a mistake in your case. These are reason why you should put a hold on your investing option.

You Lack Basic Investing Knowledge

Knowledge gives you leverage to find the best option of out given choices to invest. For the first time investors it is necessary to have a complete knowledge about investments. Read investment related books to gain some knowledge and notice what mistakes big investors have made and learn from them. You should not start investing until you have at least fundamental investing knowledge. Because if you deal with the riskiest types of investment it is quite possible you will lose all of your money. If you plan to invest in stock market, learn everything about stock market investing. Which company you plan to invest in and why? Have a complete research done. Follow the companies in the stock pages. To get an idea on how the stock market works, you can practice with paper trading. Spending a month learning, researching, and reading can go a long way to getting you started on the right track.