Leave things be, or tweak to perfection?
So now you know the benefits of investing and a few tricks of the trade. Now, let’s start looking at some of the different investment approaches.
First, you need to decide if you are an active investor or a passive investor. Both are great strategies, but your personality and time commitments will shape which is best for you! 🤷🏻♀️
Let’s start with being a passive investor. If you’re a passive investor, you tend to spread your money across a few assets, funds or ETFs. Then you can sit back and not give them too much thought. 🍸
Maybe once a month or a few times a year, you can check in, see how it’s going, and tweak accordingly. More time to sip cocktails 🍹 on the beach if you ask me.
If you’re an active investor, you are a little more hands-on. You’ll be checking 👀 the prices of their investments more regularly, and will constantly be looking across the markets for opportunities to buy or sell.
The goal, of course, is to try to buy low and sell high. It’s not easy nor always achievable. Remember, you are not alone. There are millions of other people trying to do the same thing. You can’t all be winners.
And, of course, you don’t just have to do one thing with your money – you can split it up and keep some in cash in a bank, invest some in a passive portfolio, and use the remainder to actively seek some more risky propositions.
If all this sounds like a lot of hard work… relax! 😎
Wealthyhood is here to guide you through your investing journey, offering the tools you need to create your portfolio and invest in it over time. 🎯
Want to know your stocks from your bonds? In the next session, we’ll break down the actual assets you can buy.
Keep in mind that when you invest, your capital is at risk.