The Successful Investment Journey

The most successful investors were not made in one day. Learning the ins and outs of the financial world - and your personality as an investor - takes time and patience, not to mention trial and error. In this article, we'll lead you through the first seven steps of your expedition into investing and show you what to look out for along the way. What you achieve as an investor will depend on your goals, but sticking to these Seven Simple Steps will help keep you on the right path.

All the Best!

1. Getting Started

Successful investing is a journey - not a one-time event - and you'll need to prepare yourself as if you were going on a long trip. How long will it take you to get there? What resources will you need? Begin by defining your destination, and then plan your investment journey accordingly. For example, are you looking to retire in 20 years at age 55? How much money will you need to do this? These are questions you must first ask yourself; the plan that you come up with will depend on your investment goals.