Where to start? How to start? What to buy? These are the common questions that people faced when they want to invest. Instead of answering all these questions, you should ask yourself the following 7 questions before you start any investment.

1. What is your Risk Appetite?

Risk appetite is always the very first question that you need to ask yourself. Without understanding your risk appetite, you will put your investment in danger. Especially when the market is volatile, you may sell your investment at low value if the volatility exceeds your risk appetite.  Your risk appetite can be divided into 2 groups: your ability to take the risk and your willingness to take the risk.

Your ability to take the risk depends on your income and expenses. If you have a fixed salary and your salary is able to cover your living expenses, then you have high ability to take the ...