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.
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