FUNDAMENTAL BASICS 1: and where to get started? RISK

Looking for places to store your money, without it getting wiped out by inflation, or want to make it work for you? 

Then this blog is for you. We will introduce you to different INVESTMENT vehicles any person can avail of.

Investment is different from savings in that investment entails a certain amount of risk that you can lose your money in exchange for a higher return or profit on your money. As opposed to, say, regular savings accounts which are guaranteed by the bank or PDIC.

While you may think.. oh no.. risk of losing money? Is this a scam?!

While most people will turn-back at this point, it is important to realize that RISK is something You and I face everyday in normal situations. Crossing the street entails risk. Going through surgery entails risks.


NOW personally, I hate risk.
An important investor Ben Graham once told us that humans are not insurance companies. We are not designed to take on risks. However, risk is a fact of life that most of us have to deal with. 

Here's the catch, You can learn to manage risk by educating yourself and gaining experience; just as a beginning driver is risky, and a professional taxi driver has reduced risk in driving.

Now going back to risk and your money. I will be frank with you that most people who have become rich faced that fact that getting there entails many risks. But they have dealt with it.

They have faced these risks with HARD WORK, EDUCATION, PERSISTENCE, EXPERIENCE.

If you are willing to take your destiny in your own hands.. and willing to make sacrifices as such listed above, then you are in the right place. When you understand that you can't break your back and continue working forever for income, then you will realize HOW IMPORTANT this whole endeavor is for you and your loved ones.

Watch out for more posts.
-PILIFINANCE