Tips for healthy investing
Whatever your age, when you start working and have an income, manage your money well. The money you have should not only be used for consumptive purposes, but also needs to be saved and invested.
It is best to invest as early as possible. But don't worry if you haven't started yet.
Because, it's never too late to invest. The important thing is, once you start, you must be strongly committed so that later the money you invest can provide benefits and benefits in the future.
Here are 11 investment tips for young people that are worth following.
Consider all factors and risks
"Liquidity, tax exposure, fees, exchange rate risk, investment manager, all those factors have to be studied when considering where you are going to invest," said Jarrad Brown, financial planner at Global Financial Consultants Pte Ltd.
Start as early as possible
Experts at Syfe say, the sooner you start investing, the easier it will be for you to reach your financial goals. Because, you have more time to enjoy the returns or investment benefits.
"When you receive a return on your initial investment, reinvesting that profit allows you to grow your wealth over a longer period of time," explains the expert.
Don't miss any information
An expert at Syfe said that financial market conditions are very dynamic. Therefore, when investing, it is important for you to stay up-to-date with market developments.
"Keep educating yourself by reading trusted sources, both print and online, videos, and seminars," said the expert
Keep balance
According to Brown, a large part of the profit you get from investing will be determined by your asset allocation and your ability to regularly balance investment instruments.
"Many people focus too much on this stock or that stock, so that they forget their exposure to important asset classes, such as equity, property, fixed income, to cash," he explained.
maybe these are just a few tips for healthy investing. there are no late words in investing. start small. invest not only for us but for our children and grandchildren in the future.