How do I start planning out my investment plan? My goal is to mainly earn dividends from investments, so how do I start mapping out a series of goals to achieve? Any templates or rules to follow?
I would like some advice on how to plan out a realistic investment plan, with any guidelines to follow.
Quite a bit of stuff to learn. My suggestion is to start listing down your objectives in the short, medium, and long term.
For budgeting, you can search 50/30/20 - here (Automated Calculator)
For investments with dividends, you can automate it with Roboadvisors with Syfe or Stashaway. Their income portfolios are a good starting point for beginners.
Generally, 20% of your income should be used for long-term investments.
But overall, "rules" are more of guidelines than anything, they are good starting points, but you have to adjust them according to your circumstance.
Quite a bit of stuff to learn. My suggestion is to start listing down your objectives in the short, medium, and long term.
For budgeting, you can search 50/30/20 - here (Automated Calculator)
For investments with dividends, you can automate it with Roboadvisors with Syfe or Stashaway. Their income portfolios are a good starting point for beginners.
Generally, 20% of your income should be used for long-term investments.
But overall, "rules" are more of guidelines than anything, they are good starting points, but you have to adjust them according to your circumstance.
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