Ariah Rastegar is the CEO of Rastegar Capital, LLC; he holds both a professional and personal interest in investing. Experienced investors like Ariah Rastegar understand the business and, though they highly recommend that individuals who would like to build wealth begin investing, they also know that it requires careful consideration beforehand.
If you’re considering investing, ask yourself questions like those below before you get started. Such questions can help you decide if investing is the best step for you to begin increasing your monetary standing.
Are You in Debt? All of your debts should be paid off before you invest, as the interest on outstanding balances will likely overshadow investment returns.
Are You Protected? Insurance to be sure that you are protected should disaster strike will ensure that you are ready to invest your extra wealth without compromising your personal security.
Are You Saving for Retirement? Your retirement fund is the first place that your extra cash should go. If your retirement fund is lacking, you will only hurt yourself by investing your money in riskier markets.
Do You Have Savings? Having spare cash to fall back on is important. In the words of Mr. Rastegar, “If you have a question that you might not have enough money, you should speak to a professional. If it’s anything under, say, ten thousand dollars [or] fifteen thousand dollars, you should still be saving.”
Even if you’ve asked yourself these questions, the most reliable way to know if you’re ready to invest is to speak with a qualified financial advisor. Seasoned investors like Ariah Rastegar continue to respect professional advice, and it is wise for newcomers to do the same.