Bangalore:Are you a successful investor? Look back at your past investment decisions and their results, you will get your answer.  If you have suffered huge losses or have made only an insignificant gain, then may be along with your experiences you need a little more, like some guidelines for investing.

As you know that the investing world suffers from scandals, scams and dishonest companies, so putting your money in financial market will have risk of losing it completely. Hence, follow these 10 commandments for investing to keep your money safe, as reported by Investopedia.com.

1. You Should Set Clear Goals

You may have many short-term and long term financial goals. Your short term financial goal could buy a car while purchasing a house can be your long-term goal.  Once you are clear about your goals, choose the investment option which can offers you sufficient amount of returns to meet your expenses.  It is not advisable to invest without purpose set of clear financial goals to guide your investment strategy. As there are so many types, methods and flavors of investing that, without a particular objective, you will be lost at sea.

2. Clear All Your Debts and Be Financially Sound

If you aim to become a successful investor, make sure that your personal finances are in order first. It is not advisable to put your money in some investment scheme when you haven’t cleared your high-interest debt. If your are drowning in overdue bills and credit card payments which are difficult to meet, consider them more serious problems before getting too deep into investing.

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