Investing could be confusing and intimidating if you are just starting but it’s the sure-fire way you can reach your financial goals. The good news is, you don’t need to be a guru and extremely good in numbers to invest. For most people, understanding the basics and choosing the right investment strategy is enough to get started. In today’s episode, I will go over the four basic rules of investing and share practical tips on how you could start your investment journey today.
Short-term thinking is the reason people fall into an investment scam
You need to be invested five years or longer to get the maximum returnDon’t decide based on your emotion
Fear and greed are the major forces that move the financial market
Automated savings investment and dollar-cost averagingDiversify your investment
Go deep in one asset type
Read and be on top of the news. Be aware of the world around you“Investing is 90% behavior and 10% IQ.”- Janilyn Sacdalan
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