How to Plan Investment Journey
Investing is not a one-time event and successful investing is a journey. The path to success can be bumpy but it’s important not to give up. Like any adventure, investment planning requires a plan and some preparation. The first step is to ask yourself the following questions: Go here https://www.theinvestorscentre.co.uk
What are my financial goals?
Identifying your financial goals and the amount of time required to achieve them is essential to guide your investments. Common investing goals include saving for retirement or buying a home.
How much am I willing to risk?
The level of risk you are prepared to take is important because it can affect the returns you generate. This can be determined by evaluating your Need, Ability and Willingness to take risks.
Once you’ve identified your investment goals and figured out how long you want to invest, it’s time to start making some decisions. There are a number of ways to invest your money, including unit trusts and ETFs.
A good place to start is with our OCBC RoboInvest platform, which offers a diversified portfolio of funds at a low initial outlay. It’s also wise to diversify your portfolio across asset classes, regions, countries and sectors. This helps reduce your overall portfolio risks and can make the journey smoother.
The key to investing success is to stick with a well-defined strategy, no matter the market. Over the long term, the rewards should outweigh any short-term setbacks you may face.
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