14 Steps to Lifetime Investor Success

Longhurst Limited

17th December 2019

Put simply, follow these 14 steps and with a fair wind you’ll be a successful lifetime investor.

 
  • Pay off all nonsense debt
 
  • Take control of your expenses
 
  • Build an emergency fund (3-6 months income)
 
  • Insure yourself against bad health disasters
 
  • Pay yourself first
 
  • Invest regularly, as soon as you are paid, and more than you think
 
  • Invest wisely (global equities aka The Great Companies of the World)
 
  • Utilise tax allowances and reliefs
 
  • Have a financial plan and update it annually
 
  • Never, ever, react to the markets
 
  • Ignore the market noise
 
  • Understand market volatility, and if still a saver, embrace it
 
  • Stick to the plan
 
  • Smile. Enjoy life. It’s not a rehearsal.

 

 

Longhurst Thoughts

Ensuring a robust financial plan is put in place will ensure you have the greatest chance of success. We already work alongside a large number of STC members, and have capacity to work with more.

Please get in contact if you’d like to discuss any element of this article.

 

Chris Broome FPFS

Chartered Financial Planner

T: 01327 223243

E: chris@longhurst.co.uk

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