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.
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