Investing can lead to financial growth and independence, but a solid strategy is crucial to avoid costly mistakes.
Key Steps to Build an Investment Strategy: Define financial goals, understand the investment landscape, create a diversified portfolio, set a budget and timeline, and regularly review and adjust your strategy.
Define clear short-term and long-term financial goals to shape your investment approach and match them with your risk tolerance.
Diversification is essential to reduce risk by spreading investments across different asset classes; regularly review and adjust your strategy to align with changing market conditions and life goals.