Part 1. "Never put all eggs in one basket" is useless if you don't know what your risk appetite is.

I would say you could be:

  • Risk taker (invest >70% of your money into high-risk products, the rest on medium-risk products)

  • Medium rare player (invest 30-50% of your money into high-risk products, the rest on medium & low-risk products)

  • Safe protector (invest 10-20% of your money in high-risk products, the rest on low-risk products)

(Don't try to find these names online, I made them up)

Defining your risk appetite can help you understand your money flow, and keep track of the proportion of your portfolio. This will bring you a better financial plan. 

Trust me, you won't regret doing so, sooner or later. 

Start your financial pathway by defining your risk appetite

=> Do you want to be risky or stable?

=> Come up with a plan (% of each type of investment)

=> Allocate your portfolio according to the risk allocation

=> Follow your plan

Example: for me, I'm not a very risky person, I may not get rich soon, but I will be more stable, and not too poor (with an expected APR in the below image, 18%/year is not bad for me)

To be continued...

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