The amount of money to be invested in various assets depends on:
- Your goals and needs – to buy a house, travel or retirement needs
- Your age at the time of investment. If you are young, you can invest in relatively riskier investments.
- Your income at the time of investment. The level of wealth will also influence the types of investments you can hold
- Your occupation
- Time horizon – when do you want to sell your assets?
- Liquidity – how fast can you convert your assets into cash?
- Tolerance for risk – how much risk are you willing to take?
Different individuals have different background and will have different considerations when deciding on an investment strategy. You should select your investments based on your own circumstances.
A common method used in deciding the investment strategy is the 'life cycle approach' which is based on the financial periods of the investor during his/her life. Please refer to the table below:
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