There’s a popular English proverb saying: “Look after the pennies and the pounds will look after themselves.” In another words, if you concentrate on saving small amounts of money, you’ll soon amass a large amount.
When it comes to investing for retirement, this can’t be more true. We never learn to plan our retirement in school and it is hardly anybody’s dream to build a retirement portfolio. The truth is, most of us wake up one day and say, “Gosh, I need to do something for my retirement.”
Make sensible investment decisions becomes harder and harder in today’s age, the financial predators no longer need to hide things from you, they just overwhelm you with facts, so you don’t know what is important and what is not. – Ivan Guan
Naturally, very few of us are prepared for investment nor to have the luxury to start our retirement fund with a big bang. To make it worse, the modern world posts challenges to all of us and makes traditional way of savings hardly work.
- Interest rate is too low to generate any meaning return to combat inflation
- Too many investment options and too much information for us to get started
- Our financial system is so complex and fragile and we can’t see through the potential risks.
So if you want to be successful investing in the modern worlds, there are 3 things you must do.