HOW TO BECOME A SMART INVESTOR ON A LEAN BUDGET ?

  1. EMBRACE SELF DEVELOPMENT : Take time to study what is trending in the industry you about to venture into. Endeavour to read books and courses in order to tap into strategies of available investment options.
  2. START SMALL : The journey of a thousand miles begin with a step, you can start investing on a low budget by engaging in low-cost or even commission free trading that allow you start investing with little amount of money that guaranteed return on investment.
  3. SET INTRINSIC WORKABLE FINANCIAL PLAN : Clearly define your financial objective and investment purpose. Are you investing to purchase in a choice location either to buy or lease.
  4. DIVERSIFY YOUR INVESTMENT PORTFOLIO : It is only unwise man that that puts all his eggs in one basket, spread your resources in accumulating different assets such as stocks/bonds, real estate and other form of commodities.
  5. LAND BANKING : In real estate land banking is a system or method of buying a parcel or large portion of land in a developing geographical location hold it for a particular period  to appreciate in market value and resell it at high price to make profit/to generate high return on investment .Smart investor can undertake this strategy and watch his or her investment grow over a period of time.
  6. CONSISTENT MONITORING OF INVESTMENT : Regular updating of your investment portfolio is very crucial to ensure it aligns with your goals to manage risk in order to give room for necessary adjustment as it may require to avoid making hasty decision that could jeopardize the whole process as a result of temporary market fluctuations.
  7. STAY FOCUSED,PATIENT AND DISCIPLINE : These attributes are hallmark of achieving milestone in any investment decision. To attract stable wealth in any investment with long term gain ,it requires patience ,perseverance and stick to your investment plan and avoid making costly emotional decision based on market volatility.
  8. CONSIDER PASSIVE INVESTING : As a budding investor that is new to the market trending, you can consider another option of passive like index funds or ETFS. This investment options offer diversification and often low cost.
  9. SEEK PROFESSIONAL ADVICE : It is very important to consult widely to deeply understand market landscape and the kind of investment portfolio you are about to consider especially from a certified financial advisor.
  • Remember investing always carries some level of uncertainty/risk, so its important to conduct your due diligence and make proper informed decisions by starting small ,diversifying your investment and staying disciplined as a prospective smart investor even on a lean budget .GOOD LUCK!