
Seven rules for smart investing.
With so much in the press about investing, as well as lots of conflicting opinions and information, it’s hard to separate fact from fiction, or even wishful thinking.
Financial UAE have therefore put together a simple guide of seven practical tips that are both logical and easy to follow.
1. Save as much as you can, as early as you can
The earlier you start saving, the easier it will be. Compound growth and interest over time really makes a difference to how much you end up with. Being in your twenties is not too young to start and if you leave it until your forties or fifties you will have to set aside much more to accrue the same amount. We all need to strike a balance between living now and planning for the future but starting early, even for modest amount is very worthwhile.