Six tried and trusted principles to help you reach your investment goals.
If you're new to investing, knowing where to start can be a daunting task. The reality is that people should start saving and investing as early as possible. The growth of savings and the power of compounding gives an enormous head start to those who can put money aside and invest in the early stages of their lives and careers - and building an investment portfolio is one proven way to grow money and wealth.
Every investor needs to ask themselves the same basic questions before getting started. You need to have a clear understanding of your retirement goals. What are you trying to achieve? Are you looking for growth, income or both? How much risk are you willing to take on? You might be investing to have enough money for retirement but equally you could have shorter-term goals, too, like starting a family or buying a larger home.
Choose the right investing strategy
With a clear goal in mind, you can create a realistic plan for achieving your objectives within a certain time frame. Choosing the right investing strategy matters when shaping your financial plan and a goal-based approach offers a new take on growing wealth.
Goal-based investing focusses on reaching life's goals versus trying to get high returns on your investment.
Investors and retirees looking for reassurance during challenging stock market times can take heart in these time-tested investing principles. These six principles can help you build an effective long-term strategy designed to achieve your financial goals and build better wealth.
Full Guide to 6 principles of investing
LOOKING TO BUILDING FUTURE WEALTH?
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want a plan that will help your money grow. To discuss how we can help and the options available to you, please contact us for more information.