Many of us use our commonsense after investing rather than before investing. Hence, thought to share some tips on commonsense before investing!!
We hear a lot of miss-selling but we never accept the truth that it happened mainly because of our ignorance. Wherever we trusted blindly or ignored, such bad investments happened in our life.
Commonsense BEFORE investing!!
Let me list the commonsense tips which you can utilize before jumping into investment. I am sure that this list is not the END. However, at least a great beginning.
# Check the seller is authorized or not – A person who is selling you some product or service related to investment, must be authorized to do so under the various regulations like IRDA, RBI, or SEBI. Hence, cross-check whether the person has a proper license to sell his service or products.
I am not saying that all authorized persons will sell you the right product or advice. But this should be your first screening.
# Check the product approval…