What is the basic consideration for selection of Investment Avenues?

COMPARISON OF INVESTMENT AVENUES : Selection of suitable avenue for
investment depends on various factors. An integrated approach on the part of an investor
is necessary in this regard. An investor also needs proper education, training and
guidance for the selection of most convenient avenues for his investment. It is a delicate
decision which needs knowledge, judgement and vision. Investment decisions need
flexibility as per the situation in the capital and money markets. They also need periodical
review for suitable adjustments. An investor has to review his investment portfolio and
make suitable adjustments in the same periodically. Investment made in a particular
avenue may become risky or unremunerative after a period of five or ten years. Such
investment avenue needs to be replaced by selecting a better avenue. This suggests the
importance of flexibility in investment decisions. The following points are considered for
selecting suitable investment avenue :