Money Allocation Methods You Can Use Today.
Today I want to bring to your attention the significance of money allocation. Money Allocation involves setting aside funds for investing purposes by channeling such funds into different asset classes that guarantee you safety and return on your investment.
Money Allocation is something we should all do no matter how little we have and regardless of how much we are worth. So today I would show you some money allocation methods and the different asset classes you can utilize today.
The main things you need to know when it comes to Money Allocation are what asset can you invest in and by what proportion do you need to allocate per asset class. Assets are basically what you own and provide you with safety and return on your investment.
Some popular assets include stocks, fixed income securities, mutual funds, ETFs, commodities, and many others. How much proportion you decide to allocate to each asset class depends on your risk appetite and the risk profile of such asset class. Below is an example of how you can allocate your money if you have between ₦10,000 to ₦100,000.
Money Allocation is a very important process you should apply to your personal finance approach and if you want to find more about it in detail you can follow this link here
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Warm Regards,
Frank Hodgins.
