Income deficit, can we have investment?

@bintang9 (196)
Indonesia
April 22, 2013 12:59am CST
Investment is a must for those who do not want to be reduced purchasing power in the future. What if in fact we do not have a portion of investment or even we tend to experience deficits or lack of money? How we can make investment in the financial sector correctly?
2 people like this
4 responses
@varier (5685)
• Indonesia
23 Apr 13
There are some general rules: - Never invest whatever you can't afford to lose - Keep enough money to cover your basic needs - Have a holistic knowledge in your investment - Don't invest money from loan if you're not ready with the double risk. Better saving money.
@bintang9 (196)
• Indonesia
23 Apr 13
Thank you for your response, it inspired me what should we do related to managing money well. I think it is true that we do not invest money from loan because it can cause the double risk, and we'd better saving money
@srisahara (4508)
• Indonesia
22 Apr 13
I think it is impossible for people who have deficit budget to take investment, because they are difficult to cover their need, so they cannot save their money. I think you can do an investment when you have excessive money to cover your daily needs.
@pals101 (2010)
• Philippines
22 Apr 13
It is best to invest on something when you know what it is. Have a complete knowledge on your investment. Especially if it's all about business. I can recommend a good way to invest. The best way is to invest on stock market. That is what I am doing right now, I am currently learning on how to fully master it. Day by day, I see my investments grow as long as you monitor it daily, then there is nothing to worry about.
@ARIES1973 (11426)
• Legaspi, Philippines
22 Apr 13
Investment is another good source for additional income. Passive income at times. But it requires careful studies to lower the risk of failure. I personally, invested some amount in our cooperative and every time we have our general assembly, I can received dividends as well patronage refund from patronizing its business. I am happy that I have a small investment because it can give me additional amount at the end of the year. Bigger than depositing the amount in banks. We have to take some risk though. Have a great day!