The first and most important first step as you begin your investment journey - because investing is a marathon and not a sprint - is addressing your WHY. If you don't address your personal reasons for investing, you won't be able to stay the course for as long as is needed.
You do have to keep in mind while setting these goals that the greater your dreams and the loftier your goals, the greater the price you must be willing to pay and the greater the sacrifices you will have to make to achieve them.
However, it's not all sacrifices and doom. There are means and support systems that can make your journey smoother and help you make the right investment decisions along the way.
Many investors today have the option to save and leave the investing to the professionals. Fund managers with professional investment expertise can ensure your investments are strategically allocated. Using their access to research, analysing market data and understanding your goals, they can execute investment strategies that balance income and risk management.
Another factor fund managers take into consideration is your investment time horizon. Your time horizon will influence your investment strategy in providing the period in which you expect to achieve your goals and determine the type of assets that can yield your expected returns.
For example, a longer time horizon, affords you the opportunity to invest in more aggressive funds with potential for higher returns.
So, how long do you have until you want to achieve your goal? You can contact us today to learn how we can help you achieve your financial goals and secure a prosperous future.