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Mindset & Psychology Personal Finances

INVESTMENT Strategy for Beginners: Test Yourself and Adjust Your PORTFOLIO

For investors who have not yet recovered from last year’s “horrors,” it is now important to once again recheck their investment strategy.

Make sure you follow the basic principles of growing money.

And also check their integrity and close interconnection within your investment portfolio.

This is the only way you can be sure that your money is working for you to the maximum of its potential.

1) Control your expenses

Only after your expenses are lower than your income will you start to have free money.

They are the ones who will give you the opportunity to invest.

Alas, you physically will not be able to invest with a “minus” in your pocket.

2) It’s also unlikely that you’ll be able to invest without a “reserve fund.”

Because in this case, the risks are prohibitively high — and you do not have a financial “safety net” in stock.

3) Avoid shortcuts

The promise of high profitability (as in crypto, forex, options, etc.) is silent about the fact that the chances of making a profit are much less than of making a loss.

Don’t turn your investment into buying lottery tickets: always choose high safety over high yield (meaning high risk).

4) Well-being is achieved in small steps

Make it a habit to invest small amounts, but do so with every paycheck you receive.

5) Balance of conservative and aggressive tools

This will provide you with a restful night’s sleep, and will make your investment portfolio more resilient to crises and stock market crashes.

6) Currency component

Part of your “basket of assets” must be denominated in foreign currency.

What is designed to protect your investments from domestic risks.

7) We don’t know how our future will turn out.

But for an investor this is not important.

Because by following the above points, he will be equally prepared for both favorable circumstances and the continuation of the “storm” raging in the financial markets.

By CashGuy

Online Money Maker

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