Define and evaluate your specific objectives
When investing, you'll want to get as much profit as possible. But to achieve this, you should think about two questions: "by what time?" and "how?" By giving answers to these, you'll know if you want a short-term or long-term investment, and how much risk you could take. As an example, can you pay the interest at maturity or repay the principal? Or can you take the risk of outliving your savings?
Take your time to select which financial plans are realistically practical for you. Doing this will likewise help you select the ideal form of debt investment for you. For example, if you are not comfortable with potential money loss, then you shouldn't consider getting too risky investments, including stock mutual funds and stocks. On the other hand, debt investment offers less risk but they aren't 100% risk-free. In truth, no investment type is completely risk-free, so you have to know which one you can efficiently handle regardless of the difficulties it can cause.