2 Key Investment Strategies
There are two key investment strategies that all folks need to have, that are obvious, but rarely ever spoken about. The second strategy is the one that most folks seem to forget about.
A Buy Strategy
Why are you buying? What is the reason you are investing? Is this for a retirement fund, emergency fund, or just savings in your TFSA ? You need to answer that question and that is the cornerstone of your buy strategy.
When are you going to buy can be important, but market timing isn’t going to work out. When are you going to start investing is more important in your buy strategy.
What are you going to buy? Stocks, mutual funds, index funds, ETFs, and GICs are just some of the investment vehicles you can use to invest your money. Depending on what you buy, you will then need to think about how often and when you buy.
How much are you going to buy? How much money do you have to invest? Another important aspect of your buy strategy.
The other aspect of your key investment strategies is one that far too many folks don’t have.
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