Family Financial Planning Series - What You Need To Know About Growing Your Money: Tips on Making In
Published on 04 June 2010
Planning for your future and that of your family?s is very important, so it pays to know all the facts before you get down to it.
Every week, the Wealth Management team from OCBC will give you money tips and investment information. This week, we bring you three of 10 tips on making investment decisions of investing.
We hope you?ll find it useful.
Tips on what you should do - The secrets to making sound investment decisions
These are general principles that will make you a more informed investor and help you approach investments from a long-term perspective.
8. Pick a strategy and stick with it
There are many ways to be successful and no one strategy is inherently better than the others. However, once you find your style, stick with it. An investor who flounders between different investment strategies will probably experience the worst, rather than the best, of each.
9. Focus on the future
The tough part about investing is making informed decisions based on events yet to happen. Although past data is often used as an indication of future performance, it is important to keep an eye on up-and-coming developments.
10. Review and rebalance your investment portfolio regularly
The only constant in the market is change. Monitor your investments regularly to capitalise on market changes and movements.
These are just some questions you?ll need to answer before you begin investing.
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