What is my investment strategy?
Money honey! We all want it, and most of us need more of it. So, the idea or strategy when investing is in long-term wealth creation.
Now some of this jargon sounds a bit confusing – long-term wealth creation and strategy… But it’s actually quite simple. It’s just your long-term goal to make passive income by investing now. Letting your money work for you later, so that you can take time off, and spend it and your extra cash, on things you want!
What is a ready-made portfolio?
Very simply put, a ready-made portfolio is a group of shares, cherry-picked by a really clever guy or gal who knows what’s what in the markets, brands, and listed companies. The portfolio is then managed by this same clever guy or gal to make sure that your risk is lessened which helps it perform and give you the best return and growth.
This is different from buying individual shares on your own and seeing what they do because the clever guy or gal knows the ins and outs and knows what the markets are doing. In other words, they are the best babysitters for your investment, taking care of it and nurturing it when it needs by adjusting the bundle and shares and taking action when needed!
Because these babysitters are doing all the hard work for you, they charge a tiny fee.
Why even take a look at ready-made portfolios?
Because all the brainy work is done for you by your portfolio manager.
You invest, and the manager nurtures and manages your portfolio of shares so that you minimize risk and get the best possible returns based on your preference.
Ready-made portfolios are managed by the leaders in the market whose skills are mind-blowing, which makes sure that you are looked after by the "big guns".
You also get to choose what type of portfolio you want! You might be a conservative that likes to see incremental growth, or you might be a cowboy (or cowgirl) that likes to take risks for larger rewards! Yee-haa!
Either way you will be working with your co-pilot in building your portfolio and in diversifying your money into different companies.