When it comes to investing, I reckon most of us have a pretty deluded view of how much risk we’re prepared to take in the chase for better returns. In my case, I learnt a damn hard lesson that your choices must always be properly thought through with the long-term goal in mind.
I spent a portion of my Human rights day in a room full of beautiful, talented and courageous women who were together to share their experiences of what being a modern woman looks like. The challenges that we are faced with all ranging from health issues, child maintenance issues, social media and investing.
After the goal is set then comes the action steps and the preparation that takes one either towards the goal or away from it. I, however, believe that we all want to believe that all that we do brings us closer to achieving or realising that goal. But after the training and all the preparation, there is one battle to fight. This one is the make or break battle. The Mind game. This is the ultimate battle of them all when it comes to goal achieving.
When I got the royal hoof from my employer at the end of 2014, they had the grace to give me a year’s worth of salary. Since I had not withdrawn my allowed tax-free lump sum from my pension -- instead simply transferring the whole amount to a PSG Konsult living annuity -- I received a nice, untaxed, wad of investable cash.To play it safe with my cashflow, I immediately transferred a sum equal to 12 months of mortgage repayments into my bond. What I had left, I invested with the Purple Group.