Duplicated: 3 Smart Ways to

Imagine the smile on the face of your child, looking directly at you, and wearing that beautiful school graduation gown- That look is priceless! One of the ultimate goals of most parents is to give their children/wards the best of education. The best education to an extent adds the icing on the cake to the parenting career.  Sadly factors such as rising school fees, inflation, and general economic situation of a country always pose as obstacles to this great plan that parents have for their children.

Despite these factors, it is still possible to give your children the best education if well planned. We have listed 3 smarts ways every parent can plan for their children’s education, to guarantee them seeing their children in the beautiful graduation gown.

Start early

Planning for your child’s education is a long-term financial goal. The best time to start planning for your child’s future needs is when he or she is born. Assuming your chi

Continue reading

5 Habits of Highly Successful Investors

5 Habits of Highly Successful Investors

James Clear, author of the popular book Atomic Habits, put it best when he said:

“You are the outcome of your habits.”

It makes sense, right?

The habits you practice on a daily basis define who you are, which is why as an investor you want to make sure you are intentional about your habits.

Implementing the right habits can often be the difference between having a high net worth and losing everything overnight.

So, what makes for successful investing habits?

Here are five habits we believe differentiate the good investors from the great.

Let’s dive in.

1. Save and invest regularly

This is a foundational habit that every investor should be practicing: slow and steady wins the race.

Not many of us receive an unexpected inheritance or a big bonus to start investing with. Most of us have a monthly income along with our expenses and commitments.

That means that saving and investing needs to be part of your monthly budget. It needs to be regular and it needs to be a habit. How much? It depends on your goals, but investment experts recommend saving at least 10% of your monthly income. If you save and invest regularly, your investments will grow steadily over time.

Successful investors prefer saving and investing every month, rather than investing whenever they feel like it or when the market timing is right. Why? Because they are strategic bout how they invest. It’s not gambling.

2. Diversify your assets

Diversifying your investments is what allows you to minimise risk while increasing your overall return. It allows your portfolio to remain stable during a market downturn, or for your portfolio to grow even faster during a bull market.

The best investors don’t put all their eggs in one basket, which means they don’t put all their money in one asset or in one company. With diversification, you get a better balance between your risks and returns, and that helps you outperform those who don’t.

The best investors invest in both the stock market as well as alternative investments

3. Know who you are

The best investors know themselves.

Understanding your emotions and how you react to different market trends is a core investing habit. If you are someone who gets anxious when the stock market goes down, then it’s best not to invest in volatile assets. If you’re an investor who prefers managing your own portfolio, then you want to pick a strategy that allows you to be in control.

The funny thing is this:

You really won’t know what you’re most comfortable with until you do some experimenting.

That’s why it’s worth dipping your toes into various types of investments first. Once you do know what works best for you, you then want to create a plan and stick to it. This could be creating a specific asset allocation that fits your goals and needs, and setting a fixed monthly investing budget.

The best investors know how they react to market trends and set up a plan and strategy to fit their personality.

4. Invest long term

The most successful investors are in it for the long run.

That’s because they know that time in the market beats timing of the market.

So, if you want to make the most of your investments, you want to be maximising the use of compound interest. The first 5 years of investing won’t add a lot to your portfolio: but the last 3 years of a 30 year investing career will. That’s where the difference is.

The best investors are disciplined and stick to their plan – looking at the long term. Often, having a big goal such as FIRE or a college fund can help encourage long-term investing.

5. Set and forget

Unless picking stocks is your passion, most people want to set and forget their investments.

They don’t want to check the news every day, learn what a P/E ratio is and rebalance their portfolios every week. Most investors treat investing as an engine to grow their net worth and make more money, not as a leisurely pastime.

That’s why the most successful investors prefer investment strategies and assets that are low maintenance.

Would you like to explore the opportunities in the stock market? Visit ARMStocktrade now to sign up and start trading at your convenience

The post 5 Habits of Highly Successful Investors appeared first on Realising Ambitions.

3 Smart Ways to Give Your Child/Ward The Best Education

Imagine the smile on the face of your child, looking directly at you, and wearing that beautiful school graduation gown- That look is priceless! One of the ultimate goals of most parents is to give their children/wards the best of education. The best education to an extent adds the icing on the cake to the parenting career.  Sadly factors such as rising school fees, inflation, and general economic situation of a country always pose as obstacles to this great plan that parents have for their children.

Despite these factors, it is still possible to give your children the best education if well planned. We have listed 3 smarts ways every parent can plan for their children’s education, to guarantee them seeing their children in the beautiful graduation gown.

Start early

Planning for your child’s education is a long-term financial goal. The best time to start planning for your child’s future needs is when he or she is born. Assuming your chi

Continue reading

3 Smart Ways to Give Your Child/Ward The Best Education

3 Smart Ways to Give Your Child/Ward The Best Education

Imagine the smile on the face of your child, looking directly at you, and wearing that beautiful school graduation gown- That look is priceless! One of the ultimate goals of most parents is to give their children/wards the best of education. The best education to an extent adds the icing on the cake to the parenting career.  Sadly factors such as rising school fees, inflation, and general economic situation of a country always pose as obstacles to this great plan that parents have for their children.

Despite these factors, it is still possible to give your children the best education if well planned. We have listed 3 smarts ways every parent can plan for their children’s education, to guarantee them seeing their children in the beautiful graduation gown.

Start early

Planning for your child’s education is a long-term financial goal. The best time to start planning for your child’s future needs is when he or she is born. Assuming your child will go to the University at the age of 18, you will have nearly two decades to create the right-sized fund for your child’s need. The effect of compounded growth will allow you to achieve this goal with small, monthly contributions.

Diligently choose the right school

Children will mostly likely spend more time in school than at home, parents should be diligent when choosing a school for their children/ward.

The type of school a child/ward goes will have a great impact in the life of the child/ward. Before you settle for a school, you should consider the vision, mission and culture of the school to see if it they align with what you want for your child. You also need to fact check from people associated with that school, such as parents who already have their children enrolled in that school to hear what they have to say about the school

Set up an EduTrust

An edutrust is a legal agreement where money is put aside for the sole purpose of educating the children, irrespective of whatever, untold events the future holds.  It is aimed at assisting parents and guardians in securing uninterrupted education for their child(ren) or ward(s).

As a parent, this trust enables you to provide for the education of named beneficiaries. The standard, level of education is determined by you, subject to adequacy of funds in the Trust account. The Trust can comprise of a lifestyle component to provide for other needs of beneficiaries such as vacations, excursions, school trips etc.

We will love to celebrate you and your kids as they graduate from their dream schools. Get started on making that graduation smile a reality today by setting up  an education trust for your child here

The post 3 Smart Ways to Give Your Child/Ward The Best Education appeared first on Realising Ambitions.