You’ll need to determine where you are in the investment life cycle, what your goals are, and how much you need to invest to get there. Reminding yourself why you are investing your money will inspire you to invest effectively and consistently.
As a moderately-cautious risk investor, your financial strategy is that you are willing to accept some moderate losses in capital, on occasion, but maintain a balanced approach by evening it out with conservative and low-risk assets. If this sounds like you, we have a few insights for you to consider.
How to create an investment plan
A well-thought-out investment plan is an important tool to help you reach your financial goals, such as buying your first home or getting ready for retirement. It can also help prepare you for the ups and downs of the market and benefit from opportunities as they present themselves.
Set realistic goals
Consider how much money you’ll need to fulfil specific goals and make a plan to work towards them. If you have multiple goals, divide them into the short and long term to help you choose the right investment products to meet your goals.
Do the math
Calculate exactly how much you need to set aside each month to achieve your goal within a set time frame. Assess if that’s a realistic amount for you to set aside each month. If not, you may need to modify your goals.
Identify your investment strategy
You will need to determine your risk tolerance and the investment lock-in period. You could choose a more aggressive investment for long-term goals or a more conservative investment for short-term goals. Or you might want to opt for a more balanced approach.
Review your plan frequently
Your investment strategy, risk tolerance, and goals may change as your circumstances change. It is a good idea to review your investment plan at least once a year to make sure you are on track.
If you wish to speak to an expert to explore your opportunities, please contact our Investment Management team at +971 2 692 0609 or email us at fundmanagement@bankfab.com.
*Disclaimer: All the information / options provided by FAB are for the purposes of the customers’ informed decision making and will not be deemed as a specific advice or recommendation.
Our Investment Products
All investment products are subject to market risk. Please speak to our investment management team before committing to a product.
You can connect with us at +971 2 692 0609 or email us at fundmanagement@bankfab.com.
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