The easiest personal financial plan (that everyone should have
"Dte most important factor in the growth of your income is your ability to manage money properly." - this phrase clearly shows the thinking of the average person who has never been in the world of finance. In this article we will talk about what the most inexperienced Investors should pay special attention to avoid losing your money.1), Understanding your "common" mistakesI didn't see any red flags at all at first.After all, I had read all the books, those on financial literacy, and I even had an "apology" for the fact that I didn't read them.As a result, I don't see any red flags at all.2) Expectations The most popular investment tool is an investment contract.However, if They only expect you to receive your salary once a year, then you won't be able to make intelligent decisions Investments Often inexperienced investors buy "Liabilities" with the money you have invested - and when this happens, you lose the money invested. 3) Lack of a Personal Investment Plan Most novice investors don't have one. It's not a "life" but a "financial cushion" you hope from your condition. State Pension. It is such a "cushion" that prevents you from losing money invested. 4) Lack of an investor contingency plan. Like a bride who just received a gift, does not distinguish between a never-ending list of planned purchases and a plan for the upcoming ones week.The stress of losing money causes inexperienced investors to make hasty, ill-considered investments.5) Lack of a" retirement plan ", Such a "cushion" protects the investor from unexpected, unforeseen difficulties. unforeseens. It provides him with a "safety cushion" in the event of a sudden force majeure force majeure (dismissal, prolonged illness, etc.).It also allows him to switch to investments if he suddenly decides to lose the money invested.6 ) the lack of long-term investment optionsThe fact is that investors do not buy "liabilities" that last forever. Rather, they buy "assets" that begin to grow significantly in value over time.Moreover, these assets are always available, almost on a daily basis. 7) Periodically rebalance your investmentAfter each sale or purchase, sell the purchased asset (for the next purchase) and use the proceeds to purchase another identical asset.This monthly averaging strategy allows you to shape your investment Investment.portfolio consisting of different asset classes and financial instruments. SUMMARY: By regularly rebalancing your investment, you will be able to build an investment portfolio consisting of different instruments. This is a periodic approach to investing that, along with robust white investing, protects you from risk. 1) Read my article " Where NOT to invest money? TOP 3 most dangerous places for money". 2) Read my article What Skills You Need to Get Rich".
