Do NOT invest in ANYTHING with money you need to live on.
Do NOT invest in ANYTHING with money you need to pay your basic obligations (i.e. electricity/utility bill, car payment, mortgage payment, family insurance, rent, gasoline for your car, student loan, credit card payments, food for yourself or your family)
Do NOT invest in ANYTHING with borrowed money or those types of money sources that would make you go into further debt (i.e. credit card, personal loan, personal line of credit, home line of credit, leveraged money, etc.)
Do NOT invest in ANYTHING that you don’t have 100% support from your spouse, significant other, and/or business partner.
Do NOT invest in ANYTHING that not having access to the funds short-term could have hurtful consequences to another that is dependent on you financially (i.e. spouse, children, business partner, live-in parent or relative, friend, ex-spouse (i.e. child support/alimony) and/or yourself).
Do NOT invest in ANYTHING that you firstly don’t understand the risks of, benefits from, and potential issues with. Be aware of ALL the possibilities and ramifications your investing could result in (i.e. lose all your money, significant loss, cost you more money, potential gains, etc.).
Do NOT invest in ANYTHING based on emotion or hype. Fear of losing out is the WORST kind of investing you can possibly engage in, and is very irresponsible. Those that would make you feel you are missing out if you don’t do it RIGHT NOW should be immediately dismissed as anyone you’d want to consult with or receive advice from when making the decision to invest.
Do NOT invest in ANYTHING based on a “PROMISE” of a return percentage on your money. There is NEVER a guarantee of gain when investing in ANYTHING, let alone one of the most risky investments in the world. Investing in Iraq is investing in a 3rd world country’s currency that is currently on the OFAC (Office of Foreign Assets Control) list for currencies that are not internationally recognized, and who’s government is under UN sanctions, and who’s government has yet to be officially organized and completed, and who’s country is very volatile and unsafe (streets are NOT safe), and in a region/area of the world where violence is a major issue.
Do NOT invest in ANYTHING you have a hesitation about. To me, a hesitation in my life means a “NO”. Be aware of your true feelings, your financial circumstances, and what you wish to get out of it before you invest in anything. Then move forward with caution, deliberateness, and with your eyes wide open.