INVESTMENT PLANNING
Planning of the invesment we intend is planning with duration for a lifetime, so that decision-making must be considered and thought for lifetime. however make decision pursuant to ‘ term’ what is selected that is term related to the 4 criterion very personal:
1. specific financial purpose
for investment,we must set goals or purpose for the desired destination in the future.by specific financial purpose,we can define the steps and strategic.for example: married, build homes, the future of children and families, or start open a new business, Go up haji for Islam people or pilgrimage to holy land for clan Kristiani and for old age pensions in the future.
2. time period
period in the investment levels are depending on the size of the funds needed in each period or each month to reach the purpose.
3. risk tolerance
each investment has a risk comparable with the results of which will be obtained. if you wish the high rate of return of you are also have to accept the height mount the risk. Every individual have the tolerance level different each other to risk, there is which like with risk or dare to take the risk or oppositely is which in fear of risk. We have to recognize the ownself condition, if someone wish the high rate of return however he/she self is including the people have the low tolerance level to risk hence will arise the conflict in ‘self in have investment.
4.various kinds of investment
there are many different types that we can to invest.Some elementary investment instrument which it is important to know for example deposits (banking instruments), obligation, share, mutual funds (company or securities instrument capital market), property and gold.