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Key Considerations for Those Who Are Investing Their Money

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There are many people from different backgrounds and of different ages that are interested in investing money. However, many are not particularly familiar with the various different types of investments that are around and some have no idea how to get started. In addition, there are many who are too scared of losing money on investments due to horror stories they may have heard. This then results in them simply putting their money into a savings account where it earns very little interests and offers no returns.


If you are one of the many people who want to try and make their money work for them through investments, it is important to know what key points you need to consider and what steps you should take. Investing money is something you do have to be careful with, which is why so many people get so nervous about it.

However, if you have access to the right tools, services, and advice, this is a task that can become far easier and more manageable for you. From getting expert financial advice to using tools such as the Ally Invest app, there are many tools that you can use in order to get advice and help when it comes to investing.

Some Key Points to Think About

For those that are thinking of investing their hard earned cash, it is very important not to rush into any decisions. Investments are not decisions that should be rushed into or taken lightly. You need to put a lot of thought into your options and selections as well as ensuring you have the most accurate and sound advice.

Any wrong decisions when it comes to investments could prove to be very costly to you, so it is vital that you take some time to consider some of the key factors before you make any decisions at all.

One of the things you need to consider before you make any decisions about investing money is whether you can afford to invest and if so how much you can afford. You have to remember that investment is always a risk so if you stand to lose everything if something goes wrong, you need to think twice.

If you have money that you can afford to lose, you can invest without having to worry about being left destitute in the event that something does go awry. Of course, all investors hope to make their money work for them and many do achieve this with their investments. However, you still have to take the possible risks into consideration and determine whether it is worth the gamble in your specific situation or circumstances.

Another key thing you need to think about is the type of investment you want to get involved in. There are many types of investments you can consider depending on your interests, preferences, knowledge, and finances. However, for those that are not really familiar with investing it can be extremely difficult to navigate the investment minefield and decide what sort of investment to opt for.

The good news is that there are experts that can help when it comes to assessing your situation and recommending the best option. However, you do need to be very careful and choose someone with expertise, an excellent reputation and someone that is regulated.

Many people in the past have been steered wrong by unscrupulous advisors and this has left them facing huge losses. By making sure you do your research when it comes to finding an investment advisor, you can benefit from far greater peace of mind.

You should also take the time to do your own research online so you have a better idea of what your investment options are, how much you might be expected to invest, what the likelihood of impressive returns is, and how the investments work.

Even if you do not know a lot about investment and are unfamiliar with the jargon, you will find plenty of articles and posts online that are aimed at those with little or no knowledge of investing.

This means that you can more easily understand what each type of investment is about and what the pros and cons are. You can also better understand the risks involved with different types of investment, which puts you in a far better position to make an informed decision with regards to the investment option you choose.

One of the other important points you need to look at is how long you can afford to have your money tied up for. There are some investment options that are short term and where you may be able to make returns quite quickly. However, there are others that can provide much bigger returns but do require the investment for a longer period in order to do this. If you can afford to invest over the long term, you will find that you have far more in terms of options and you have a better chance of making impressive returns on your investment.

Setting Goals and Diversifying

Two of the things that investors often do in order to boost their chances of success is to set goals and to diversify. The first is something the gives them some sort of structure when it comes to investment and this means that they can work toward certain goals and aims that they have in terms of their investment. The second ensures that they do not put all of their eggs in one basket, which helps to minimize on risks and spreads their investment money around rather than relying on just one particular investment.

Making sure you follow these tips can help to ensure you choose the right type of investment for you and could help to increase your changes of making returns.

3 Min Read
Health

7 Must-have Tips to Keep You Healthy and Fit for the Unpredictable COVID Future

With a lack of certainty surrounding the future, being and feeling healthy may help bring the security that you need during these unpredictable times.

When it comes to your health, there is a direct relationship between nutrition and physical activity that play an enormous part in physical, mental, and social well-being. As COVID-19 continues to impact almost every aspect of our lives, the uncertainty of the future may seem looming. Sometimes improvisation is necessary, and understanding how to stay healthy and fit can significantly help you manage your well-being during these times.

Tip 1: Communicate with your current wellness providers and set a plan

Gyms, group fitness studios, trainers, and professionals can help you to lay out a plan that will either keep you on track through all of the changes and restrictions or help you to get back on the ball so that all of your health objectives are met.

Most facilities and providers are setting plans to provide for their clients and customers to accommodate the unpredictable future. The key to remaining consistent is to have solid plans in place. This means setting a plan A, plan B, and perhaps even a plan C. An enormous amount is on the table for this coming fall and winter; if your gym closes again, what is your plan? If outdoor exercising is not an option due to the weather, what is your plan? Leaving things to chance will significantly increase your chances of falling off of your regimen and will make consistency a big problem.

The key to remaining consistent is to have solid plans in place. This means setting a plan A, plan B, and perhaps even a plan C.

Tip 2: Stay active for both mental and physical health benefits

The rise of stress and anxiety as a result of the uncertainty around COVID-19 has affected everyone in some way. Staying active by exercising helps alleviate stress by releasing chemicals like serotonin and endorphins in your brain. In turn, these released chemicals can help improve your mood and even reduce risk of depression and cognitive decline. Additionally, physical activity can help boost your immune system and provide long term health benefits.

With the new work-from-home norm, it can be easy to bypass how much time you are spending sedentary. Be aware of your sitting time and balance it with activity. Struggling to find ways to stay active? Start simple with activities like going for a walk outside, doing a few reps in exchange for extra Netflix time, or even setting an alarm to move during your workday.

Tip 3: Start slow and strong

If you, like many others during the pandemic shift, have taken some time off of your normal fitness routine, don't push yourself to dive in head first, as this may lead to burnout, injury, and soreness. Plan to start at 50 percent of the volume and intensity of prior workouts when you return to the gym. Inactivity eats away at muscle mass, so rather than focusing on cardio, head to the weights or resistance bands and work on rebuilding your strength.

Be aware of your sitting time and balance it with activity.

Tip 4: If your gym is open, prepare to sanitize

In a study published earlier this year, researchers found drug-resistant bacteria, the flu virus, and other pathogens on about 25 percent of the surfaces they tested in multiple athletic training facilities. Even with heightened gym cleaning procedures in place for many facilities, if you are returning to the gym, ensuring that you disinfect any surfaces before and after using them is key.

When spraying disinfectant, wait a few minutes to kill the germs before wiping down the equipment. Also, don't forget to wash your hands frequently. In an enclosed space where many people are breathing heavier than usual, this can allow for a possible increase in virus droplets, so make sure to wear a mask and practice social distancing. Staying in the know and preparing for new gym policies will make it easy to return to these types of facilities as protocols and mutual respect can be agreed upon.

Tip 5: Have a good routine that extends outside of just your fitness

From work to working out, many routines have faltered during the COVID pandemic. If getting back into the routine seems daunting, investing in a new exercise machine, trainer, or small gadget can help to motivate you. Whether it's a larger investment such as a Peloton, a smaller device such as a Fitbit, or simply a great trainer, something new and fresh is always a great stimulus and motivator.

Make sure that when you do wake up well-rested, you are getting out of your pajamas and starting your day with a morning routine.

Just because you are working from home with a computer available 24/7 doesn't mean you have to sacrifice your entire day to work. Setting work hours, just as you would in the office, can help you to stay focused and productive.

A good night's sleep is also integral to obtaining and maintaining a healthy and effective routine. Adults need seven or more hours of sleep per night for their best health and wellbeing, so prioritizing your sleep schedule can drastically improve your day and is an important factor to staying healthy. Make sure that when you do wake up well-rested, you are getting out of your pajamas and starting your day with a morning routine. This can help the rest of your day feel normal while the uncertainty of working from home continues.

Tip 6: Focus on food and nutrition

In addition to having a well-rounded daily routine, eating at scheduled times throughout the day can help decrease poor food choices and unhealthy cravings. Understanding the nutrients that your body needs to stay healthy can help you stay more alert, but they do vary from person to person. If you are unsure of your suggested nutritional intake, check out a nutrition calculator.

If you are someone that prefers smaller meals and more snacks throughout the day, make sure you have plenty of healthy options, like fruits, vegetables and lean proteins available (an apple a day keeps the hospital away). While you may spend most of your time from home, meal prepping and planning can make your day flow easier without having to take a break to make an entire meal in the middle of your work day. Most importantly, stay hydrated by drinking plenty of water.

Tip 7: Don't forget about your mental health

While focusing on daily habits and routines to improve your physical health is important, it is also a great time to turn inward and check in with yourself. Perhaps your anxiety has increased and it's impacting your work or day-to-day life. Determining the cause and taking proactive steps toward mitigating these occurrences are important.

For example, with the increase in handwashing, this can also be a great time to practice mini meditation sessions by focusing on taking deep breaths. This can reduce anxiety and even lower your blood pressure. Keeping a journal and writing out your daily thoughts or worries can also help manage stress during unpredictable times, too.

While the future of COVI9-19 and our lives may be unpredictable, you can manage your personal uncertainties by focusing on improving the lifestyle factors you can control—from staying active to having a routine and focusing on your mental health—to make sure that you emerge from this pandemic as your same old self or maybe even better.