Today’s tip will cover “What are investment decisions based on?”
There are several factors that you should consider before making investment decisions.
A few factors to consider but are not limited to 1) take an honest look at your current situation 2) consider your risk tolerance 3) consider an appropriate mix of investments, should you invest in stocks, bonds or mutual funds or ETFs also known as Exchange Traded Funds 4) diversify your investments; how much should you have in different investment asset classes 5) maintain an emergency fund; do you have any major expenses coming up in the next 6 to 12 months and 6) consider re-balancing your portfolio occasionally.
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