Investing can be simple, and while there’s always an element of risk, it can be minimized and managed. If the idea of investing your money tempts you, here are five of the things that you should do first…
All tagged investment portfolio
Investments 101: How Exchange Rates Influence Your Investment Portfolio
Last week I wrote about country ratings and the impact they have on the economy and your portfolio.
This also has an immediate impact on exchange rates.
A really important topic in my world as a traveller, I always feel the change in exchange rates instantly.
I remember the first time the finance minister in South Africa was replaced - I was living in Goa, India. Up until that moment ZAR1 would give me Rs5, but then suddenly overnight ZAR1 could only get me Rs4. I was super upset.
Now in Dubai, something similar is happening, only now it’s crazier because the currency here is stronger and it’s one of the most expensive cities in the world.
Investments 101: 3 Factors that Impact Your Investment Portfolio
I’m still in Dubai and spent the week checking out cultural monuments and learning a little about the history of Dubai on a tour.
A few weeks ago I wrote about things to consider when creating an investment portfolio, but in today’s blog post, we’re going to explore the factors or things that impact the growth of your portfolio, so you can decide what instruments to add in your portfolio.
3 Questions You Should Ask Yourself before Creating an Investment Portfolio
When I was growing up I would see my parents and aunts and uncles all with salary slips and on there would be deductions for funeral policies, death cover, insurance, retirement. I'm sure some of y'all know.
It took me years to understand that these were actually investments and this was their portfolio and was because it didn’t make them less broke or lead to financial freedom.
What was the deal with that?
It’s not that people don't invest; it's their approach to investing that holds them back. They buy whatever they are told to buy by the many financial advisors that come to their companies or by their friends.
They join the pension scheme at work; buy the funeral policy their friend is selling, but what's the strategy behind all this?
Choosing the Right Investment Vehicle
Talk about investments and investment portfolios and most people immediately think of the stock market.
But the reality is there are many ways to build an incredible investment portfolio.
One of the things I’m still battling with on my financial journey is building an emergency savings fund with 6 months’ salary in it.
My focus thet last few years was to pay off debt and start building an investment portfolio, which I’ve done really well.
But the emergency fund?
Not going so well at all.
I don’t consider my investments in endowments and unit trusts, emergency funds. To me they're long term investments, for other things.