Begin Now: Decide to start saving. You are never too old or too young to start.
Pay yourself some money every month: Decide to save a particular percentage of your earnings every single month and avoid going below this amount. Investing regularly matters more than the timing of your purchases.
Don’t forget tax avenues: Don’t evade taxes. Learn how to manage them. Start by checking with a consultant for various tax avenues when you start building your investment portfolio. Don't evade taxes. Learn how to manage them. Start by checking with a consultant for various tax avenues when you start building your investment portfolio.
Don’t forget tax avenues: Don’t evade taxes. Learn how to manage them. Start by checking with a consultant for various tax avenues when you start building your investment portfolio. Don't evade taxes. Learn how to manage them. Start by checking with a consultant for various tax avenues when you start building your investment portfolio.
Never underestimate your insurance options: Use insurance as a buffer so that your dependents have something to fall back on. Or you may opt for a plan that ensures you get a return over time.
Never underestimate your insurance options: Use insurance as a buffer so that your dependents have something to fall back on. Or you may opt for a plan that ensures you get a return over time.
Figure out your investment objectives: Make your investment decisions based on 4 prime considerations;
     
  »  Level of return expected  
  »  Risk tolerance  
  »  Time Horizon (holding period of investment)  
  »  Liquidity (How convenient would it be to convert the instrument into cash if required)
     
Diversification is the name of the game: There is no one kind of investment that is best. There is safety in numbers. Diversify by companies, by industries and by type of investment.
Don’t be tempted by high Returns: Remember, higher the return, higher the risk.
Don’t be tempted by high Returns: Remember, higher the return, higher the risk.
Stay in touch: Review your portfolio constantly. You may suddenly get into debt, the number of dependents may increase or decrease, you may land a windfall, or your risk appetite and circumstances governing it may change.