The world of investments
The world of investing – endless possibilities
When it comes to investing, the world of possibilities is endless. And as good as it is to have choices, too much choice usually creates confusion and procrastination. So, to make this daunting task a bit easier for you, here are 12 steps to follow that should make this experience easier and more enjoyable.
Katherine has provided support and information during my downsizing period. She has advised and assisted me with the investment of funds to secure my financial stability in retirement taking care that it meets with my comfort level of risk.
– Gwen Edwards
12 Principles of Investing
Your reasons come first
- Why are you investing?
- What is the purpose?
- What’s your objective?
- Reverse-engineer your thinking, start with the end in mind and figure out how to get to that point from today.
Decide on timeframe
How long can your money stay invested? If it is a short-term stick with conservative, income driven investments, if longer than 3 years, you can start incorporating some growth assets.
Diversification is a king
Leaving all money in one place is asking for trouble. Spreading money between different asset classes as well as geographical, investment type and style diversification is essential to your success.