Many people think that getting started with investing is like climbing Mount Everest with only one bottle of water to stay hydrated.
Investing can seem next to impossible. It can also be perceived as an activity for the smart or the rich.
Here are three strategies to use with investing:
Dollar-Cost Averaging
Dollar-cost averaging is putting a regular amount of money into your investment account. What this does is takes advantage of the movements in the markets. Over the long-term, everything evens out and gives your money the best advantage.
Asset Allocation
This is the percentage of money you have in each item you have invested in. When asset allocation is done correctly, it protects your investments from movements in the markets.
Diversification
This means spreading the risk, so when one region or asset class is making a loss, another area will be making a profit. This will protect your investments too.
I know these terms may not make much sense when you first see them, but once you start putting your money to work, you’ll see how simple it is.
Wealth is your birthright and the sooner you get started with investing, the sooner you can step into claiming what is yours!
My passion is to educate and empower you to take the steps to get started with your investing journey. I hope that you feel more confident to get going, and understand what you need to do.
Can also be seen on: https://jamaica.loopnews.com/content/3-money-strat…
