7 important things to consider before investing (read time 3 mins)

 

 

Every investment decision has an upside and a downside. Know your risk tolerance before choosing an investment vehicle.

There are important factors to consider before investing especially when it comes to long-term investing. Investing and planning for the future can be a daunting task. There are so many factors to consider in creating and managing  your portfolio, and you may find it difficult to find a financial professional you trust for unbiased advice.

That’s why this list of seven considerations was put together to help prepare you to make investment decisions and facilitate a conversation with a financial advisor.

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How and when would you like to retire?

Are you saving enough for retirement?
Would you get the retirement you want and have always dreamed of or would you end up in retirement with what life throws at you? How would you like to retire?

The Office for National Statistics (ONS), which is the UK’s largest independent producer of official statistics once carried out a survey of 100 young people aged 25 a few years ago. I remember feeling nostalgic as I went through their findings. This was way back in 2012. They found that 40 years later in retirement, out of those 100 people; 49 of them would end up being financially dependent on friends and charity, 29 will be dead, 12 will be broke, 5 will still be working, 4 will be financially independent and only 1 will be rich. Only 1 !!!

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5 things you need to know before investing in Bitcoin

Bitcoin is a fascinating, complicated, new-age currency that exists only online and allows the user to be somewhat anonymous. Bitcoin might be the most talked about currency in the world, but it remains an enigma to many.

What is Bitcoin?

Bitcoin is a currency – a type of cryptocurrency, designed to pay for goods and services, just like Euros or U.S. Dollars. But that’s where the similarities end.

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Creating Your Legacy – Part II

 

Okay, lets start this blog post with a quote from the famous Warren Buffet’s simply because I love Warren Buffet and I am inspired by him. Buffet’s net worth as of 2017, is estimated at $80bn. I don’t think he arrived there by mere luck. I would like to believe he knows a thing or two about success and failure. Buffet said that he would not invest in any business where the owner hasn’t failed at least twice. I wonder why. It’s interesting to find that wealthy people look at failure from a totally different perspective. You cannot let the fear of failure stop you from pursuing your dreams, attaining success and creating your legacy. Continue reading “Creating Your Legacy – Part II”