Investing is a lifelong process. Over the long run, the earlier you get started, the better you will be. It is best to begin investing and saving as soon as you first start to earn money. With that said, it is never too late to start.
Cultivating savings habits is the initial step in having a successful investment strategy. You should be contributing to an investment or savings account on a regular basis for a start. To make this process easier, it is better to have it automated.
Factors Affecting Your Investment Decisions
No matter which financial stage you currently are at in your life, you will first, need to decide what risk level you are comfortable with and what your needs are.
Income or Growth
Ask yourself: “What are you going to need your money for?”
Knowing your investment goals will help you decide whether you would need ......