Wednesday, November 10, 2010

Thoughts for today....

''Procrastinating can exact a costly price when it comes to retirement planning. As the saying goes, time is money''

So what are we waiting for?...start now....

How do I start you may ask...

No 1...first and foremost...determine how much you will want to have to retire comfortably in X numbers of years.

No 2: Determine the 'vehicle' you want to use to obtain the figure that you've set above.

No 3: Assess the risks involved (no matter whether you are investing into property, share or unit trusts)


No 4: Start savings NOW!! Heard of the word 'compounding'? Read it here to understand more of it...

No 5: Review your investments (if possible) at the end of every year.

There you go. Sounds and looks easy but it'll take time. Whether we like it or not. It'll will take time. But one thing for sure, it'll bear fruits in the future.

TO be honest....I would suggest ASB for a start. It's seriously good.....

No comments:

Post a Comment