Hello Hiveans!
Many people shares their opinions like invest in that particular place, and many other places etc. That is best for you everyone says but no body tell you this is not the right thing to invest. Today I'll tell you the 6 things where you should not invest in. When we want to do investments, majority thought that they are just investing money to that particular place but they are investing more things with money like, time, opportunity cost, buying power, and emotions. These are the five things you risked with your investment, which are valuable in your life. Now let's proceed to the 8 things in which you should not invest.
So, let's get started.......
1. Never invest in something you don't understand. People invest their money by hearing from other people without understanding that particular field, or platform. Knowledge about the thing which you want is invest in is extremely important for you. We just watch the successful people but never judge their hard work they did behind that. Either you are investing in stock, company or any thing you must know their historical performance reports, charts and every analysis. If you don't now the all things then you must avoid to investing in.
2. Never ever invest in RATTA. College and university are not on that value now as they where few years before. Before some years, they helped you but now it's not the right time to invest in. If you want to invest now in RATTA then after 6 years it's pretty sure that there is no need and value of it and at the end. This will be the bad investment of you money, time and opportunity cost. After 6 years when you graduated form it then you will disappoint and it will badly hit you. You may invest your 6 years in demanding and valuable thing.
3. Never invest in plots. Many people earn their profits in plots and people start getting inspiration from them but 90% people don't tell anybody that they are getting loss by investing in plots. Specifically, there are new societies and housing schemes are starring day by day, you must avoid to invest in it, these are unregulated for some instances. No doubt, there is Behria and DHA, which are the successful societies. But other societies want to be like these ones. A many years spend these societies never get developed. The people who earned are, the actual land owner, developers or agents but the retail investors always get disappointed by investing in these type of schemes. Either you are taking plot by EMI or on cash, you will be get trapped, this will not give you profit and you can't cash it out again. I don't Invest in this thing that's why I'm giving you this suggestion. If you want to go in real estate field then buy some land and build something on it and try to build in low cost, this will give you profit.
4. Never invest in pakistani rupees. It mean that you save your money in saving accounts. You know very well that our currency is continuously decreasing the value as compared to foreign exchange. So it will be wise, if you want to do savings than keep it in other currencies.
5. Never invest in collectables. Means many people have interest in pets and expensive pets like you have special kind of animals like special horse, dog etc. That's very risky to invest these kind of things. Many people have some kind of cards like Pokémon, some people have domains and paying that domains prices every years for nothing, just like that people invest in buying paintings. People get inspired by Picasso and many other biggest painters but just buying painting is easy buy selling that painting is much difficult. There are not end users of these products, investors are increasing but buyers are not as much as investors. Collectables are not absolutely liquid, and you also might get fraud by buying special kind of product, either its is real or fake, you don't know.
6. Never invest in pyramid schemes. Some people told you that sell our products or give us some fees before selling products. If you are getting with it then you must confirm if product is never sold, the return policy must available. My opinion is stay aways that kind of schemes, these are not the investments