A Step-by-Step Guide to Creating an Investment Plan

Making an investing strategy involves more than just picking a few companies to invest. You must think about the present financial position and your long-term objectives. You may also specify the schedule and how much risk you are willing to take in order to determine the best asset allocation. For more details, see the guide to investment plans.

Evaluate the current financial situation.

The first step in creating a long-term investing strategy is to assess your current financial condition. You must determine how much money you must spend. Making a budget to assess your monthly net income after taxes and emergency savings is one way to achieve this. It will help you figure out how much you can afford to put into your company.

It is also predominant to think about how open (or liquid) your savings need to be. If you need to cash out fast, you can invest in more financial assets, such as bonds, rather than real estate.

Create Your Objectives

The next step in creating an investment strategy is to establish your objectives. It will range from purchasing a car in a few years to retirement happily. You must also have a target timetable, also known as a time horizon. All of your objectives can be categorized into three categories: protection, revenue, and development. When you want to retain your current level of wealth, income is what you want from your investments, and appreciation is what you want from your investments if you want to create wealth over time. Based on which of these three groups your priorities fall under, you will decide the best investing direction for you.

Calculate the Risk Tolerance is a quality.

The next step in developing your investment strategy is determining how much risk you can accept. In general, the younger you are, the greater chance you can take and your portfolio will have more time to rebound from any losses. If you’re older, you can avoid high-risk acquisitions and just put more capital into the market upfront to boost growth.

Furthermore, riskier assets have the opportunity for substantial gains – as well as significant losses. Taking a gamble on an undervalued stock or piece of real estate could pay off, or it could backfire. If you plan to accumulate capital over time, a better investing route might be preferable.

Decide on where you want to put your money.

The final step is to choose where to put your money. You have a variety of savings accounts to choose from. In the guide to investment plans, your budget, goals, and risk tolerance will all play a part in deciding the right investment opportunities for you. Make sure you diversify your portfolio wherever you decide to invest. You don’t want to invest any of your money in stocks and risk losing it all if the price falls.

Stay updated on your investments.

It’s not a good idea to leave your savings alone after you’ve made them. You should look upon your savings now and then see how they’re doing and whether you need to rebalance.

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ROOJAI: The Best Motorbike Insurance in Thailand

The people in Thailand seem to have admired big motorbikes nowadays. There are plenty of people you can see riding big bikes around. Now, you need to ensure that while you are riding in style, you also have insurance. There is nothing more calming than to know that you have insurance for your bike. With that said, here is a prevalent motorcycle insurance Thailand -based company where you can check plenty of insurance they can offer. They have one of the best services in store for you today.

24/7 customer services

Being the best in the industry of insurance companies in Thailand, it is notable that they have the best services. You do not have to worry about checking their website all the time. You can register there using your email to receive updates from them. Also, you can contact them through the phone number they provided on their website. You can assure yourself that they can answer any concerns and questions you may have along with your agreement.

Variety of insurance

At ROOJAI, you have plenty of options to choose from on their website. With that said, you do not have to worry about paying for extras and whatnot. You can assure that you are only paying for the kind of insurances you availed from them. Now, check their website to see the variety of insurance inclusions they can offer your motorbikes.

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Wide insurance coverage

The insurance coverage is something that you should also take note of once you avail of motorbike insurance. With that in mind, ROOJAI got you covered. They can offer your various insurances that cover many things. Here are as follows:

  • Medical Expenses
  • Sudden Death
  • Permanent Disabilities

You can read more on their website. Depending on the insurance that you want to avail, you can get as high as 300,000 baht. ROOJAI covers accidents that result from reckless driving or collision from the other party’s fault. Plus, they also cover insurances that you can avail of that are different from anybody else and only they can offer.

Cut off charges

In most cases, you must keep your credit scores up. Credit scores are about how well you are a driver. Insurance companies take note of your incidents. Once you have a low incident count, these insurance companies sometimes give you discounts and bonuses.

Aside from that, you can also get a discount at ROOJAI once you have a dash camera attached to your car. They also give you roadside assistance anywhere you are in Thailand. They act quickly as soon as they hear from you. With only 30 minutes of maximum waiting, you can already achieve the assistance that they offered you.

Your safety is the number priority of ROOJAI. Hence, they do not complain or worry about giving too much incentive to their clients. All they want is for their clients to stay away from accidents. They offer this insurance to have you covered and the people around you. Check their website now and see more about the insurances that they can offer.