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investing basics
Before you start investing, you should start by –
Identifying your personal and financial goals.
Making a good budget, and work out how much you have to invest.
Working out what sort of investor you are, and how much risk you’re willing to take.
Investing, as sooner you start, the sooner you’ll reach your goals.
Getting a good advice. A financial advisor can develop a plan tailored to your personal needs and goals.
Think about your goals first. Perhaps you are saving for a holiday, for a home deposit or to pay for a child’s education. Or your goal may be to boost retirement savings. You can then see that different goals have different time frame. You may only have 6 months or a year to save for a holiday but if you are saving for your retirement you might have 25-50 years.
Before you start investing, you should start by –
Identifying your personal and financial goals.
Making a good budget, and work out how much you have to invest.
Working out what sort of investor you are, and how much risk you’re willing to take.
Investing, as sooner you start, the sooner you’ll reach your goals.
Getting a good advice. A financial advisor can develop a plan tailored to your personal needs and goals.
Think about your goals first. Perhaps you are saving for a holiday, for a home deposit or to pay for a child’s education. Or your goal may be to boost retirement savings. You can then see that different goals have different time frame. You may only have 6 months or a year to save for a holiday but if you are saving for your retirement you might have 25-50 years.
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