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TrueNorth | guiding businesses to their summit…

TrueNorth | guiding businesses to their summit…

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positivetraction.com

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krishroff.com
Krish Shroff
Introduction: Investing is one of the single most important things that anyone who can afford to do it can do. It's the financial equivalent of going to the gym, or brushing your teeth. As financial well-being becomes more commonly discussed & prioritized, I would like to share my current investment approach as a potential guide for those just getting started, and a reference for those already on the way. For some background - I come from a fairly well-off family who at the age of 18, gave me my initial lump sum of gifts & savings that people had given me over the years. Until about ~20/21, I did just about nothing with the money, and then I tried one or two investments in gold and some funds suggested by my bank. Bad results. Around 22, I started more actively getting into understanding investing, and now at 25, I have the following investment system which requires me to check & update my portfolio once a month, and gives me a decent (>=10%) return per year. You'll notice I haven't mentioned automated wealth management solutions like Wealthfront or Betterment. Here in Dubai, we don't have access to such tools (yet), and so I've kept it manual, for now. I would highly suggest that even if you can use such tools, learn how to manage your wealth manually, too. Sure, we'll all have self-driving cars one day, but in the meanwhile, it's good to learn how to drive a vehicle yourself. I hope you enjoy this article - however, my usual disclaimer applies! How to buy: While the world is full of advice on what to buy, when to sell, how to leverage, and why to tear or not tear your hair out during any event, before you can take advantage of any of that, you need to be able to buy assets. The simplest way is through a global digital brokerage. Any global digital brokerage will vary in terms of ease of use, service level, and pricing, and it's up to you to find what works to you. I recommend starting small on a full-service,

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boldclarity.com
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