Lesson 1
Defining Your Strategy
Identify your investment horizon and calculate the exact amount you can afford to invest regularly.
Know your timeline
Your investment approach depends on how many years you can hold your assets. If you need money within three years, prioritize cash savings. For ten years or more, consider market-linked funds.
Assess your capacity
Review your current budget. After covering your emergency fund and debt, determine a fixed monthly sum to invest. Whether it is £50 or £500, regularity matters more than the initial amount.
Create your worksheet
List your goals in a simple spreadsheet. Define each goal by its cost and target date. Avoid complex projections. Use this sheet to track your progress monthly. Never invest money you might need for bills in the next 12 months. This keeps your plan grounded in reality and protects you from selling during temporary market downturns when you need cash most.