With 2012 past, the Thai Financial Planners Association (TFPA) would like to wish all the readers of Wealth Care Happy Holidays and best wishes for the New Year. We look forward to your questions in 2013, and listed below are a few investment tips that may be useful to our readers.
Having a firm grasp of some investing fundamentals can help you to set realistic goals and stick to your financial plan. Here are six time-tested principles that can help you to establish your own personal investment approach in 2013.
- Keep a long-term view: Keep in mind the historical returns of different asset classes when setting your financial goals. For example, stocks and bonds have returned about 10% and 5% annually over the past 20 years. Treat any outperformance as a bonus. Remember, time is your ally. By focusing on long-term results, you'll find it easier to ride out short-term volatility.
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