Earlier, I had mentioned that NOW is the right time to invest.
In this post, I will reveal “HOW” to invest now?
DETERMINE HOW MUCH TO INVEST
To reiterate on what was already mentioned in previous post, you should first set aside your emergency funds and invest the amount of monies that you are not going to use. Then decide on how much you want to invest.
The absolute value affects your investment allocation. For example, you only want to invest 10K, then it does not make sense to have a diverse investment portfolio. In this case, you can just choose a few stocks to invest.
CREATE AN INVESTMENT PORTFOLIO
On the other hand, if you have 100K or more to invest, then you should create an Investment Portfolio that comprises of different asset classes. For instance, Cash, Bonds, Precious metals (Gold and Silver),