There are a wide range of investment opportunities available, so it’s important to understand what your objectives are to make sure that you pick suitable options.
Typical financial objectives include maximizing future growth, protecting the real value of your capital, generating an income or protecting against future events.
The objective that you have will likely determine the level of risk that you take on with your investments, though it’s important to also consider your risk tolerance – are you a risk-taker or more risk averse?
It’s also important to consider how long you’d like to have your money invested for and whether you’ll need this money in the future. You may have no use for the money now but then need it for something later on.
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