[Yugocean]

Investments based on your interests and experience are often profitable. On the contrary, if you invest in an uninteresting or inexperienced sector just to make a profit, you will not even know when to sell it or how long to hold it.

Suppose you do not have knowledge of the food sector, then you should not invest in the stocks of companies like Nestle and PepsiCo. On the contrary, if you work in the IT industry, you can buy stocks like of IBM and TCS.

[augusta]

Yeah losing money can be very Painful as you begin to reason what you would have bought with your money. So save self and money and only do investment on ones you understand.

[eldavis]

Like I always advice to anyone, make sure you have a clear understanding of what you are about investing in before you invest. Especially when it comes to the risk factors. Have a clear knowledge of everything that there is to know.

[Nsikan]

The greatest tragedy that can happen to anyone is to sink your hard savings in a business that fails.

[Presh]

This is a very valuable tip. Don't go and invest in a sector where someone can easily manipulate and defraud you without your knowledge.

[King Belieal]

That's why investors can spend years studying an investment program. Some even take courses in that sector to understand it better before investing.

[JASPREET]

This should be like that because if we don't have knowledge in certain field we should not take risk in that

[augusta]

This should be like that because if we don't have knowledge in certain field we should not take risk in that

Yeah taking risk is not the best especially if you want to save money.

[SHAHID987]

Interest and knowledge both plays very important role in investment as well as in profession. If someone doesn't have any interest in car business but he invested in it then there are too much possiblity that he will fail there.

[Sojourn]

This is the ideal way to invest, but nobody in this world wants to be bound to a single sector when it comes to investments, hence they seek advices and recommendations of other experts from the sector before investing in the sector.

[Chosen76]

I really love Investments, but the point is that that it's very risky this days. There are many ways you can earn money through Investments like investing in real estate. Also you can as well consider trading in cryptocurrencies.

[Tinni]

Shrewd investors only put their money in areas that they can easily see and understand the intricacies. You leave yourself at the mercy of the investments manager if you don't have sufficient knowledge about the investment.

[Presh]

This is the ideal way to invest, but nobody in this world wants to be bound to a single sector when it comes to investments, hence they seek advices and recommendations of other experts from the sector before investing in the sector.

Not just advices. It is not enough to be compared with experience. Start investing with little amounts and gain experience while you keep on increasing your investment portfolio.

[Pistis]

I only invest in real estate that I have foundational knowledge about. That's why I am still on the learning curve about all this online investments.

[Nsikan]

This is the ideal way to invest, but nobody in this world wants to be bound to a single sector when it comes to investments, hence they seek advices and recommendations of other experts from the sector before investing in the sector.

It is far better to be bound to a single investment and be sure of that one instead of diversifying with limited knowledge.

[Uty Theo]

Not having adequate knowledge about a particular investment might make you to overestimate the yield potential of that investment and going in only to lose money.

[King Belieal]

When you invest in businesses or investments you don't know, you won't understand when opportunities present itself to maximize your investments.

[Fidelia]

There are no two ways about this. You just have to stay at where your knowledge base is maximum in terms of investment. If you are to invest outside your knowledge base, try to have a trusted and sincere mentor while you start the investment. But be sure to learn quickly and be self proficient in that investment line.

[Presh]

A man I knew who was vested in security business at a point wanted to diversify into hospitality. He was warned to start hospitality at the basic level of a guest house and expand. But because he had money, he went to build a five star hotel all at once. Never broke even and had to close down and sell the building.

[Kalayla]

A lot of people just see someone cashing out from a particular investment and they are inspired to go take up that investment. If I can't understand an investment program, you would not see me there.