Investing-have A Strategy
Investing is a great way of making your money work for you
, although it is very much like a game, as you do not know what the outcome will be until the game comes to an end and the results are declared and a winner decided. And much like how you play almost any game you must do one thing the same when investing, and that one thing is to use a strategy-an investing strategy.
Put simply, an investment strategy is a plan where you invest your money in numerous types of investment, which will in turn help you to reach your investing financial goals in a specific time period. Every different type of investment has individual investments for you pick from. Much like a supermarket sells food-but the food items for you to choose from vary from meat, to fruit, to veg, to bakery goods etc. The stock market works in much the same way, it is a type of investment, but it has in it different types of stocks, that all contain different companies for you to choose from to invest in.
You really need to do research on investing before taking any steps into this otherwise the world of investing can become a very confusing one because there are so many different types of investments and individual investments to choose from. This is where your investment strategy along with your risk tolerance and investment style all come into play.
You must always seek advice from a professional financial planner especially if you are new to investing. With their help you will be able to put your investment strategy to work and your money into the correct investments that will fall into your risk tolerance bounds and your investment style as well as helping you to achieve your financial goals.
You should NEVER start investing if you dont have a financial goal to aim for, or an investing strategy to go by to reach that financial goal. This is vital when investing. Nobody hands money over without wanting to know where that money is going to go or when they expect to get it back. That is essentially what you are doing, if you dont have a goal for your money or a strategy to use. Always start investing by determining a financial goal you want to achieve and a strategy to reach that goal in a specific time period and always seek professional advice before putting your money anywhere.
by: james galloway
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