In today’s podcast I tackle the subject of “tme is Money” along with the five principles of investing everyone should know.
Due to the complexity of the options it can be very confusing which route to take. I can help you navigate these options and guide you towards a solid investment plan based on your requirements, personality and goals.
The following five principles will help you get on top of some of the key issues that affect everyone when they invest their money.
Set investment goals. Be clear about your required outcome and aim for measurable and attainable targets within a reasonable timeframe.
Invest as soon as possible. The benefits of an early start are numerous. Remember, time is money. It allows you to take more calculated or lower risks rather than fast, high risk strategies.
Invest regular amounts. In this way you benefit from highs and lows in the markets.
Diversify your portfolio. With a wide range of investments you spread your risk.
Resist panic selling. Cope with short term volatility and sit tight. To sell may damage your long term gains.
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