Is there a best investment strategy? Analyst warns of 'common problem investors face'
“Said reader was frustrated there weren’t specific instructions, in percentage terms, on how much to invest each month.
“This wasn’t an unreasonable request to make but it points to a common problem investors face.
“They often want to ‘figure it all out’ and create a catch-all solution that will tell them things, like what to buy or how much of their wealth they should invest.”
He add: “Like the skier who believes he’s got it all figured out, thinking that you can come up with a solution that’s going to work in perpetuity leaves you more fragile than you realise. And it will probably mean your portfolio gets hit hard when a crisis comes.”
Mr Kimberly explained that an investment strategy should be as unique as one’s individual financial needs and decisions, while also taking into account the local market and wider economy.
So while a ‘cut and paste’ answer is not available, Mr Kimberley did share some of his own tips and considerations any beginner investor needs to take into account.
