10 things to know
- Before you get started, set some investment goals
- Save and invest now!
- Invest early to beat inflation and to benefit from compounding
- Invest consistently
- Balance risk and return
- Invest in different products, not just one!
- Avoid high fees
- Do NOT sell in panic
- Do NOT take on debt to invest
- Beware of scams
- Quiz: Investing 101
Before you get started, set some investment goals
Set some financial goals for yourself. This will help keep you focused on saving and investing your money. You can use our savings goals calculator to help you.
Here are some common examples of investment goals and timeframes:
|Investment goals||Timeframe||Amount you need||Amount you need to save monthly to achieve that goal|
|Buying your first car|
|Buying a house – down payment|
|Paying for your dream wedding|
|Saving up for your children’s education|