Is there anyone willing to build a house without taking cognizance of the cost of doing so right before starting? as an investor, this also applies to us that we have to understand the reason why we should plan ourself ahead of time before we even start, this will help a lot to avoid running into unforeseen circumstances after investing, we should learn to know much about how one can be a successful investor, act by it and endure to achieve the required expectation form being a long time investor, apply one or two investment strategies that could narrow your chances toward the required pattern to making profits at lesser risk, all these wouldn't be a problem when we plan our way out from the start and do things accordingly.
Despite making plans before investing, unforeseen events cannot be avoided because the future is not certain as if things can still work same way as when you started your investment. The only person that can have a perfect plan while investing will be someone who already knows how much he wants to invest and choose to buy regularly using the DCA strategy because he is sure about how much he is willing to invest till he meets his target of accumulation since the funds is already available. Risks assessment is very important as an investor because it helps you not to put all your hopes and effort in an investment should in a case of an unfavorable condition, you can know how to manage your emotions. Proper planning before investing is good but have it in mind that you can plan and in the end things goes bad and it now look as if you didn't plan at all.