If you are asking, “what is the safest investment”, then you are asking the wrong question. The key is first understand your risk appetite and second, understand the underlying risks of any investment.
If you are asking, “what is the safest investment”, then you are asking the wrong question. The key is first understand your risk appetite and second, understand the underlying risks of any investment.
Check out the final balance at the end of 20th year v/s that of 30th year. A 10 year head start could be the difference between “doing okay” and “comfortable”.
Insurance is not an investment and it will never be. Insurance comes in many flavours and for the most part I understood why they exist. But there was one variant that I thought was a little strange. Life insurance.
As you start learning about investments, you will get plenty of advice. Here are the ones that I stick to religiously. Sticking to them helps me stay away from shiny objects and helps me deal with with fomo. You might have your own, but these will not hurt.
I do not want to worry about money as well and that is why I invest. You put your money to work and let it make money for you, leaving you with time to do what you really care about.
