The first thing to be clear on is what your investment goals are and when you want to reach them. Setting a realistic timeframe can help you achieve your personal investment goals and stay focused.
Be honest about your risk tolerance. Do you want to play it safe or are you prepared to ride the ups and downs of the market? These are just some of the things you'll need to consider when preparing your investment plan.
For more information, visit MoneySmart.
The most important part of making your investment plan work is creating a practical budget. Sticking to your budget means you take full control of your finances and helps ensure you have enough money to pay your investment-related expenses such as repayments.
Here are some useful links for you.
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