INVESTMENT CAPITAL MANAGEMENT: NEED TO CLEARLY DETERMINE FINANCIAL GOALS

To manage investment capital effectively and in accordance with personal finances, each investor needs to clearly define financial goals depending on different circumstances.

But in general, goals should be realistic, including both short-term goals (1 year) and long-term goals (5-10-20 years depending on the individual).

Investors should pay attention to these common tips when setting financial goals:

Set up an emergency fund in case of unexpected loss of income, at least enough to cover living expenses for at least 6 months;
Set up a pension fund and put money in periodically every month;
Focus on paying off debt in order of high interest rate first, low interest rate later;
Save, accumulate and invest towards a stable goal such as buying a house, financial freedom.
If you are not clear about investing, individuals can set a goal of 50% spending, 50% saving, accumulating, and at the same time spend time learning more about different investment methods before converting savings, accumulation into investment.

For support and advice on your investment journey, please contact Hotline: 024 3722 4999 | 024 6273 2059.