Nine Tips for Creating a Smart Investment Strategy from Scratch
Whether you are saving for a retirement that is still decades away or building a college fund for your high school student, developing a smart, diversified investment strategy to also include real estate will not happen by accident. If you want the finances of your future to be better than the finances of today , you need to work hard to make it happen. You do not have to be a savings savant or a real estate expert to develop a smart, effective and safe investment strategy . All you need is the dedication and desire to get it done, and here are a few tips you can use to make your plan more successful. 1. Lay out your goals. Before you start on this road, you need to know where you are going. Lay out your short-term and long-term goals and determine your investment personality. Do you prefer to flip real estate for profit or are you the type of investor that enjoys cash flow from single-family rentals? 2. Explore your options. Know what your options are, fr...