30 August 2022
"Investing for the long term might be tedious. If you find it exciting, you could not be doing it correctly."
Investments with clear financial objectives give investors intrinsic desire to continue investing & help them stay focused on their investment journey.
Early on in the investment process, the potential of compounding can be better utilized.
— Martin Luther King Jr.
Investors must balance their risk tolerance and expected returns in their investing portfolio.
At least six months' worth of spending should be kept in an emergency fund.
Focusing attention on long-term financial goals requires ignoring the market noise.
Investors can evaluate their financial strategies and monitor their target success objectively with periodic reviews.
With help of the wise advice, investors can enjoy their experience of investing during their long-term wealth creation path.