Sunday, July 2, 2017

HOW TO DETERMINE WHICH MUTUAL FUND IS BEST FOR ME?

Age: The earlier you start investing, you have a much longer investment horizon and longer time to prepare for your financial goals.
Time Horizon: Know your short, medium and long-term goals and needs. There are mutual funds that can match these various timelines.
Risk Tolerance: There are mutual funds that range from conservative to aggressive. This refers to the level of risk associated with each product type based on where the pooled funds are invested.

Source Of Cash Flow: If you have a regular source of income, you can also commit to a regular investment plan. If this is not the case, you may need to exercise greater prudence in investing and consider your need for steady sources of cash during lean months.

No comments:

Post a Comment