I have a reader, who first contacted me to ascertain whether the amount she requires to attain the status of Financial Security is correct.

So she has a follow up question, after I helped her with that figure:

I have decided on buying the exchange traded funds (ETF) but I am not sure what’s the process of buying it and which one I should go for. I am thinking of putting one lump sum first before investing a fixed monthly sum. Can you advise me how I should go about doing it? I read some articles online but seem to be very complex and was confused. It seems I also have to sit through some kind of test as well?

This seem to be a common question, judging that it seems to be repeated a lot in other discussion forum, so I thought I will try to address it today.