My situation and time to invest
Money is time. So, if you calculate the time given to you well, you can succeed in investing.
If you are young, the time you have is your best asset. At the longest, you can make money by using the time that is close to 4 or 40 years.
But if you are about to retire, you need to change your approach a little. Above all, it has to be stable and it has to be continuous for a long time.
If you're in your 50's or later, designing your future more precisely is your priority because you don't have much time.
First of all, the type of assets you currently have The total income you can earn through work or business and the impact your family has on your assets through education or marriage, etc.
If you're 55, you need more precise planning in 10 years, the important time here is after age 65, or after age 70, depending on the individual.
If you do, you need to calculate whether you can live a stable life.
'Economy' 카테고리의 다른 글
Investing after the age of 40 (0) | 2021.11.02 |
---|---|
Investing after the age of 50 (0) | 2021.11.02 |
How to invest for higher returns (0) | 2021.11.02 |
Growth rates of 10%, 12% and 15% of the future (0) | 2021.11.02 |
Structure of an exchange-traded fund (0) | 2021.10.31 |