Having defined your financial goals and your type of investor, it is essential that the work done does not remain on paper.

You need an investment strategy according to which suitable investment products will be determined.

Strategies come in several types:

protective, or conservative strategy – highly liquid investments that allow you to get a small income with minimal risk;
balanced strategy – investments, thanks to which you can get a stable income with limited risk;
aggressive strategy – investments with maximum risk and profitability indicators.
Each goal has its own strategy

To realize different goals, you should choose a specific investment strategy.

For example:

creating a reserve fund or saving up to pay for children’s education will help a protective strategy with liquid financial instruments (deposit in a reliable bank, Swiss franc, US dollar);
financial goals with a time horizon of 3 to 10 years require a balanced strategy (instruments – government and corporate bonds, precious metals, a small share of investments in shares);
for speculative goals, an aggressive strategy (stocks, currencies) is suitable;
long-term goals with a time horizon of more than 15 years – a balanced strategy.
Proceed to the complicated only after mastering the simple ones
If you are taking your first steps in investing, follow a conservative strategy and start with simple and understandable products, such as mutual funds. Having accumulated experience and knowledge, you can move on to securities: stocks and bonds.
What if the type of investor contradicts the chosen strategy?
When choosing financial instruments, you should keep in mind your investor type and take into account your risk profile. Often, investor type can limit the choice of investment products. If your type is moderate-aggressive, aggressive or speculative, you have access to all or almost all investment instruments according to a defensive, balanced and aggressive strategy, but take into account the time horizon of your goal and be critical of your opportunities. If your type of investor is conservative, moderately conservative or rational, it is unlikely that you should try an aggressive investment strategy.