Because investing is not a sure thing in most cases, it is much like a game or Forex Trading– you don’t know the finish result until the game has been played & a winner has been declared. Anytime you play any type of game, you have a strategy. Investing isn’t any different – you need an investment strategy.
An investment strategy is fundamentally a plan for investing your money in various types of investments that will help you meet your financial goals in a sure amount of time. Each type of investment contains individual investments that you must select from. A clothing store sells clothes – but those clothes consist of shirts, pants, dresses, skirts, undergarments, etc. The stock market is a kind of investment, but it contains different types of stocks, which all contain different companies that you can invest in.
In case you haven’t completed your research, it can quickly become confusing – because there's so plenty of different types of investments & individual investments to select from. This is where your strategy, combined along with your risk tolerance & investment style all come in to play.
In case you are new to investments, work closely with a financial planner before making any investments. They will help you create an investment strategy that won't only fall within the bounds of your risk tolerance & your investment style, but will also help you accomplish your financial goals.
Never invest money without having a objective & a strategy for reaching that objective! This is essential. Nobody hands their money over to somebody without knowing what that money is being used for & when they will get it back! In case you don’t have a objective, a plan, or a strategy, that is fundamentally what you are doing! Always start with a objective & a strategy for reaching that objective!
An investment strategy is fundamentally a plan for investing your money in various types of investments that will help you meet your financial goals in a sure amount of time. Each type of investment contains individual investments that you must select from. A clothing store sells clothes – but those clothes consist of shirts, pants, dresses, skirts, undergarments, etc. The stock market is a kind of investment, but it contains different types of stocks, which all contain different companies that you can invest in.
In case you haven’t completed your research, it can quickly become confusing – because there's so plenty of different types of investments & individual investments to select from. This is where your strategy, combined along with your risk tolerance & investment style all come in to play.
In case you are new to investments, work closely with a financial planner before making any investments. They will help you create an investment strategy that won't only fall within the bounds of your risk tolerance & your investment style, but will also help you accomplish your financial goals.
Never invest money without having a objective & a strategy for reaching that objective! This is essential. Nobody hands their money over to somebody without knowing what that money is being used for & when they will get it back! In case you don’t have a objective, a plan, or a strategy, that is fundamentally what you are doing! Always start with a objective & a strategy for reaching that objective!
