Choose Investments: Select specific assets or investment vehicles based on your financial goals and risk tolerance. Common investments include stocks, bonds, real estate, and mutual funds.
Purchase Investments: Buy the chosen assets or investment products through a brokerage account or investment platform.
Hold and Monitor: Keep the investments in your portfolio and monitor their performance regularly.
Earn Returns: Investments can generate returns in various ways, such as dividends from stocks, interest from bonds, or capital appreciation.
Reinvest or Withdraw: Decide whether to reinvest your returns to grow your portfolio or withdraw them for personal use.
Manage Risk: Diversify your investments to spread risk and adapt your strategy as your financial goals change.