Deciding on a wealth building strategy involves assessing your attitude toward risk. With great risk comes the possibility of great reward – or great loss. So are you better off making small, consistent steps toward growing your wealth? Or should you take a risk and hope for a big return? Many people want a combination of these qualities, but for each person, managing risk will be unique.
Finding the right investment strategy to build up your wealth, and help it grow, involves understanding how you feel about risks, based on what you might get in return.
Questions to help you find out which wealth building strategy is right for you:
- Am I more interested in big returns, even if I might lose some of my investment?
- Would you rather have a consistent, stable, anticipated amount of return?
- Is it possible for my investments to just follow the markets?
A Disciplined Approach to Investing
These three strategies can help you build up your investments and weather financial market highs and lows.
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