The secret to investment success has never really been a secret

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3 min read
fairly easy
Many people avoid investing out of fear that they won't get it right. They worry that they don't have a head for numbers, or a finance degree, or that they don't read The Economist.
The secret to investment success has never really been a secret

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By Lynn Bolin But the 'secret' to successful long-term investing is actually not a secret at all, and it is achievable by anyone. If you can make a plan and stick to it, you have what it takes to be a successful investor. The guidelines below will help. Clarify what your goals are What are you investing for? How much will you need? How long before you need it? Clarifying your investment goal and time frame will help you decide on which investment product is most appropriate. If your goal is to buy a new car, it is probably a short-term goal; something you'd like to achieve in the next three years or so. Money market funds, bonds or other less risky income-type investments would be appropriate. Sending your children to university, on the other hand, or retiring at 65, is usually more of a long-term goal, with 10 years or more to save up for it. With this longer timeframe, equity exposure can be an appropriate investment option, since the risk reduces the longer you hold it. Be consistent about investing every month

One of the easiest tips for investment success is to make investing automatic.…
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