Investment Strategies
Design a Long Term Investment Strategy
Most likely, your primary long-term financial goal is to accumulate money for retirement. That's the main focus in this section, although the process of designing a long-term investment strategy as outlined here can be applied to any kind of investing goal.
Basically, there are three things you need to do:
- Establish your investment goal.
- Determine what percentage of your salary you need to save.
- Pick your investments.
The first two steps require some calculating. Along the way, look for the links to the online calculators. They'll help you sail through the math maze.
This is a logical process, so it's best if you do it in order. If you're ready to dive in, the first step is to establish your investment goal. In other words, how much money do you need to accumulate?