Are you an investor trying to keep your head above the waters of this economy?
Our smart investment tips are designed to help you make sound investment decisions in this tough economic clime. Please see below;
- Borrow less
Think twice about taking on more debt, focus on business opportunities that do not require more capital than you can afford.
- Learn Something New
There just might be a more rewarding way to go about your business. Make it a goal to learn something. For instance, you might want to look up the difference between mutual funds and bonds.
- Master your emotions
Don’t make your most important decisions under duress. Think about it again and again, be sure it is the wise financial move to make.
- Diversify your investments
Spread your risk by investing in different asset classes (equities, property, commodities, bonds and cash)
- Reduce operational costs
Reduce your overhead as much as possible. A good way to do this is to consolidate your brokerage accounts so you can negotiate lower management fee.
- Get quality Financial advice
Be careful who you are listening to and from whom you are getting investment advice. Get informed quality financial advice from ARM Securities.
- Create multiple streams of income
Scarcity and inflation are opportunities in disguise, find that thing you can exchange for value or engage in a passive investment such as a Money Market Fund.
- Avoid volatile sectors
A good risk appetite might not favour you at a time like this. Channel your resources to sectors that deal in goods and services that cater to necessities of living.
- Build strong relationships
Build relationships that ensure you are in a network of people who challenge your thinking and provide a well of valuable information from which you can tap.
- Have an emergency fund
It is important to stay liquid at a time like this. Do not invest all your money, leave something to fall back on.
- Invest in income producing assets
This is a good time to build a dividend portfolio. However, not all assets are income producing. Contact ARM Securities for tips on how to build a profitable portfolio.
- Creatively solve problems
Not all challenges require money to solve them. Look within before you look without, there just might be an efficient but less expensive way to solve that problem.
Do you require expert financial advice or would like to know more about our investment portfolio management and stockbroking services, talk to us today.