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Diversification Is The Key
Diversification is considered to be the only free lunch in investing. As a beginner investor, by investing in a range of assets, you reduce the risk of one investment’s performance severely hurting the return of your overall investment. You could think of it as financial jargon for “Don’t put all of your eggs in one basket.” It is integral in imbibing diversification as the soul of your portfolio.
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Decide The Investment Amount
The first step in beginning your journey is deciding how much to invest.
How much you should invest depends on your investment goal and when you need to reach it. One common investment goal is retirement. As a general rule of thumb, you want to aim to invest a total of 10% to 15% of your i...
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The Investment Strategy
Post picking an investment option, it is important to craft an investment strategy depending on your saving goals, how much money you need to reach them and your time horizon.
If your savings goal is more than 20 years away, almost all of your money can be in stocks. But picking specific s...
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Joys Of Compounding
One thing I like about us is that we know all about exponential growth and compounding, but none of us take it seriously when we consider investments. We just look for quick bucks that leads us to investing directly in harsh equity and the crypto market currently. This is, frankly, not the correc...
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4. Build a Portfolio
- Putting all your eggs into one basket is a recipe for disaster.
- Constructing a portfolio can reduce risk and provide stability in this volatile market.
- Instead of buying a single asset and praying for a moon, distribute risk to a num...
Going on the hunt
If you’re ready to look for new jobs, here are some suggested steps:
- Build an impressive portfolio/resume. Impress employers by showing them what you’re capable of.
- Add your portfolio to online job marketplaces. Your portfolio isn’t any good...
Money is expensive.
Avoid debt on depreciating assets, and never incur debt in order to assuage your vanity (see rule number one). Debt has become normative, but don’t blithely accept it as a rite of passage into adulthood—debt represents imbalance and, in some sense, often a resignation of control.
If you c...
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