Understand your investment objectives and risk tolerance
...So, you are ready to supercharge your savings by diving into the stock market.
Firstly, congratulations!
Kudos on taking your first leap to secure your financial future and boost your retirement funds.
But how exactly do you start a stock portfolio?
Are growth stocks the way to go, or should you focus on reliable blue-chip stocks that pay dividends?
Dividend stocks can provide you with a steady stream of passive income to supplement the income from your job.
But don’t expect too much capital growth.
You also don’t have to choose between growth and dividends.
You could even have a mixture of growth, blue-chip and dividend stocks to enjoy the benefits of each type of stock.
As you can tell, there is no one-size-fits-all answer since everyone has their own unique approach to selecting stocks.
Still, let us simplify things. Here are five tips to kickstart the creation of your investment portfolio.
