Throughout our lives we deal with money. We earn and spend it, we try to save and multiply it, we think about where to take it from and where to invest it. Not all of us think about investing, or rather, we don't use this term to describe our thoughts about our own money. But one thing is clear - everyone who has money regularly asks themselves questions that are very relevant to investing.
How to save money?
How long will it take to accumulate the required amount of money?
Where to invest money that we do not plan to spend quickly?
All of these questions are related to the investment process. If you answer them in the right order, we will get the right investment strategy for you.
For all the differences in career ambitions and individual professional characteristics, in at least one of its manifestations, each person's financial history is typical.
Even if we do not want to significantly increase our savings, we must at least protect them from inflation, that is, place them in an instrument that will provide an annual yield at the level of current inflation expectations.
Where can we place our savings in order to get a yield of at least 8% per annum and maintain their purchasing power at the end of the year at the level of the beginning of the year?
The most obvious answer is a bank deposit. But are there any other possibilities? And is a bank deposit appropriate for our goals?
Investment Targeting. Stage one is savings.
To answer these questions, you need to dig a little deeper. And ask yourself a few more questions. What am I saving my money for? For what purpose am I going to invest? What do I fear when dealing with money?
Successful investing begins with the answers to these questions, not by analyzing the returns of different instruments.
The first step is determining your savings goals. When you determine your goals, it will be easier for you to determine the investment strategy that suits you personally, as well as to choose the instruments and form an investment portfolio.
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