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An investment that performs well for one person may be unsuitable for another with different financial priorities (Photo: iStock)
Choosing the right investment opportunity is about what you want your money to achieve. Even though investors pay attention to the promise of high returns, financial literacy expert Patrick Wameyo says that the best investment is one that aligns with your goals, risk tolerance, and financial situation.
He says that an investment is worth considering when it offers the potential to generate returns that match an investor’s objectives.
“Those returns may come in the form of dividends, interest or long-term growth in the value of an asset. However, the expected return should always be weighed against the level of risk involved,” he says.
