There are so many different investment strategies out there that choosing the right one really comes down to deciding which type would fit you best. Whichever strategy……or strategies you decide to utilize, will depend on your comfort level of risk and effort (how hands on you care to be). The differences vary from high risk to low risk and from very hands on to very passive.
The most important thing in all of this is getting the information and/or help you need to educate yourself enough to make the best decision based on your own individual goals and desires. There is no silver bullet or one size fits all approach to investing. The path or vehicle(s) you choose to grow your money should be completely based on you!
“In investing, what is comfortable is rarely profitable.” – Robert Arnott
The concept of Financeology is that there is not one style, strategy, concept, technique or “way” of doing things when it comes to achieving your financial goals! It comes down to who you are as an individual, what your goals are, what your comfort levels are, what your risk tolerances are, as to how you approach your financial future. Ultimately, you’re the only one to decide how to invest your money.
The only way to figure that out is to be curious, seek out professional advice, ask questions, read, study, learn and take action. As you become more comfortable in whatever strategy you start with, you may find your comfort zone expanding and you’ll find new strategies as you grow. Just start, the rest will follow. Your financial future is counting on you!
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