Building strong financial foundations. Before you even start thinking about investing you have to honestly ask yourself a few questions: Why are you investing your money? What is your current age and till when will you be investing your capital? What is your risk profile? How much are you willing to invest initially and what amount will you put into your portfolio? How much time do you have to monitor your portfolio systemstically? Do you have a possibility to earn more or to cut costs and save more? Why are you investing? The why is the most important. This is going to help you set a goal. Perhaps you want to: retire early, save some money for your kids education, become rich, secure your family, help your parents retire early, perhaps all of them above. Whatever the goal is the strategy will be different depening on your age. Investing for future retirement when you are in your late 20s or early 40s is completely different to investing in your 60s. If I were to write a book toda
Become financially independent and retire early!