Finance
By EconomySimplified
KYS is strategy used for setting up the Financial Goals where you analysis this 6 major point and decide your Investment strategy
First, you need to find out Why you want to make the Investment? How much can you save? What is the goal you want to achieve at the End?
1
Your Age plays an important role If you are young then you can afford to take more Risks when compared with Older one's.
2
Time Duration can be used for benefits as the compounding helps increase your investment exponentially in long term rather than the short term.
3
Your Age plays an important role If you are young then you can afford to take more Risks when compared with Older one's.
4
You have to evaluate and set a fixed amount for investment depending on the Source of Income Fixed or Unstable if Fixed then you have high-risk capacity
5
You have to check out your risk-taking capacity. Everyone has their own statics and needs to plan by considering all the above terms.
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