‘Investing’ is a concept that is often misunderstood as requiring extensive financial and industry knowledge coupled with years of experience. This for many is seen as a major stumbling block as opposed to an opportunity to learn the ‘art of investing’.
“There is no right time to learn about investing, than now” says Ester Ochse, Product Specialist at FNB Financial Advisory. “Anyone can invest as long as they are willing to stay in it for the long-term and match their risk appetite with the ideal investment choices. Even if you are investing a small amount on a monthly basis, making the right investments will help you grow your money and benefit you in the long-term.”
Investments empower you to make informed decisions about your financial future. By just understanding the process; you are one step closer to achieving your goals.
The market is full of different types of investment options and choosing a suitable product may be daunting for the novice investor, says Ochse. “Research and ask for investment advice from a qualified and trained professional, as this can help you influence your investment decisions on all levels.”
Patience, resilience and commitment are needed through your investment journey. “It’s about you and your needs and wants. Starting an investment portfolio, be it big or small, requires some form of commitment and most importantly, you need to have a goal in mind before starting to invest.”
Having a goal deters one from making impulsive decisions such as deciding to sell to use the money for something else. It’s important to stay focused on the end goal, if the aim is to stay invested for five years then it’s best to remain committed and stay invested for the long-term. It’s quite common that people start investing without having established the reason or aim for starting an investment.
She adds that, “Having a clear investment strategy helps in setting goals and timelines. It also helps you to understand your risk appetite and most importantly, the amount that you can afford to put away. There are risks associated with investing, but if done correctly the rewards will be great.”
Ochse concludes by saying, “Attitude and tenacity are key in driving investment goals – Remember at the end of the day you are investing for yourself and your future.