Food for thought: The recipe for healthy investment

Posted August 28th, 2018 by Damian Bogut. Comments Off on Food for thought: The recipe for healthy investment.

In order for you to build a good investment strategy to make a lot of money, you don’t need a crystal ball or tarot cards. To have a good investment plan, you need to consider both investment selection and timing. This sounds simple, but if you don’t follow this rule, you can only make money if you are too lucky.

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You can’t be a successful investor if you just rely on speculations or trying to time the markets. The truth is nobody has proven market timing that beats the market significantly over the long term. Imagine if someone discovered this trend, would they share it others? For your they’ll keep it and make a lot of money for themselves.

First, you need to determine which the good investment options are based on your goals, needs and resources. Generally, a potential investor can consider those options that provide the maximum benefits along with minimal to no risk factors as ideal. However, it is important to note that it is simply impossible to generalise the whole process. What works for one may be very wrong for another.

When choosing the different investment scenarios available, there are certain factors that one needs to keep in mind. Some of these include your income, individual goals, targets and your age. You also need to consider your current financial situation. Instead of going by the book or following any hard and fast rule, it is necessary to get financial investment help based on individual situations.

Investing is also like diet – both need balance in order to be healthy. There are certain types of food or nutrients that your body requires more than the rest in order to maintain a healthy body. Same is true with investing wherein you also need to hold a wide variety of assets from several asset classes for you to achieve a healthy financial life.

Read more at: https://thewest.com.au/business/personal-finance/food-for-thought-the-recipe-for-healthy-investment-ng-b88941421z

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