Just as the whole nation gets vaccinated against the COVID-19 pandemic, it is also important to keep your financial health in check so that your finances are 'vaccinated' from potential risks too.
Here are 4 essential doses of 'vaccine' that you should take to achieve your financial goals during this challenging time.
1. A dose of investment knowledge:
It is always advisable to equip yourself with basic investment knowledge and understand the investment product's features and risks before investing.
2. A dose of patience:
The market have ups and down through out a cycle. Don't let your emotion determine your investment decision, else your FOMO behavior would make your investment strategy unsustainable for longer term period.
3. A dose of discipline:
Do not time the market, find a simplest investment strategy such as dollar cost averaging.
4. A dose of diversification:
Your invested portfolio cannot sit idle in one basket. Try diversify into other market or even types of asset class.
Don't let this informative poster sitting here, share this to your family and friends who may need a hand.