We all lead busy lives. Whether you’re in the accumulation phase, still work and have a family, or are retired and want to enjoy your time, you may feel like you lack time to invest. Fortunately, there are solutions for everyone. Here are some of the best investment strategies for busy people.
You’ll Learn
- One of Vero’s friends asked when he should transfer his money from the bank and manage it with a Dividend Stocks Rock approach. She explained that it depends on his time, knowledge, and interest. How are these three spheres interconnected?
- How should someone with no time, knowledge, or interest invest? What should their asset allocation look like? Mike explains why having an advisor is sometimes the best solution.
- While a couch potato approach is fine, your asset allocation greatly impacts your results. Provide more details.
- Now, if you’re here, you have a minimum interest and probably a little knowledge. This means you’re also ready to put in a little time. Which options does it bring to investors that fit this description?
- We must set some limits to maintain a healthy portfolio without making it a full-time job. In other words, the more precise your focus, the less time you will require to invest in accordance with it, right?
- Mike gives examples of two or three scenarios that make sense for busy people.
- The time we put into investing also impacts our learning curve. How does it translate to our portfolio?
- Is selecting individual stocks better than investing in packaged investments in terms of results? Mike explains the danger of switching strategies.
- As we age, we might find ourselves with more time. This can lead some investors to enter more complicated strategies, like covered calls, preferred shares, etc. Is it a good idea, or should we keep it simple?
- How can people use the extra time in their portfolio without taking too much risk?
- What is the best way to gain more time, knowledge, and interest, even for busy people?
Related Content
If you’d like to catch up on the episode about Vero, hit this link.
Here is the complete XEQT analysis Mike did:
If you’d like to know more about the BTSX strategy, listen to this episode:
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This podcast episode has been provided by Dividend Stocks Rock.
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