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- Understanding investment is an important step to ensure financial freedom.
- Different types of investment has its own risk and return characteristics.
- Identifying financial goals and time horizon for achieving them will determine investment strategy.
- Assessing ability and willingness to withstand potential investment losses will influence investment choices.
- Spread investments across different asset classes, such as equity, debt, real estate and gold.
- Periodically review and rebalance the investment portfolio for better risk adjusted return.
- Stay updated on financial news and consider seeking professional advice if needed.
