Investing for Beginners Explained – Forbes Advisor Australia
With prioritised goals in place, Brady said it was easier to determine how much of the money you have available to invest should be allocated to achieving goals on each time horizon and the strategies you’ll use, including how much risk you’re willing to take.
“Normally, the very general rule of thumb is if it’s a shorter time horizon, so let’s say next 12 or 24 months, we’re typically quite conservative in how we would deploy those funds,” she said.
“When we talk about medium to longer term goals, if we’ve got more time to ride out market fluctuations and more volatility that innately exists when you’re investing. Then we can accept more risk along the way because we’ve got more time for it to come…
