Personal Finance with Warren Ingram Personal Finance: How to maximise your investment growth
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Jan 21, 2025 In this insightful discussion, Warren Ingram, a seasoned financial advisor and Co-Founder of Galileo Capital, shares his expertise on maximizing investment growth. He emphasizes the importance of long-term strategies over quick gains, likening wealth building to constructing a pyramid. Ingram highlights the delicate balance of growth and risk, advocating for diversification and regular portfolio reviews. He also tackles investment costs and the importance of evaluating potential hidden risks. Finally, he explores the benefits of providing early financial support to family members.
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Long-Term Focus Builds Wealth
- Investment growth is best achieved with a long-term focus, building wealth day by day.
- Short-term excitement often fades with volatile investments that may give back gains.
Balance Growth with Risk
- Balance your growth goals with risk tolerance, realizing high growth needs accepting big short-term losses.
- Diversify investments across asset types and geographies to manage risk and maximize reward.
Asset Allocation Needs Time Horizon
- Use your investment timeframe to determine asset allocation, with longer horizons allowing more risk.
- Assess your psychological risk tolerance and financial ability to handle risk before choosing assets.