Investing can help you achieve your financial goals, and the better investment decisions you make, the higher your chances of success. It's important to know that investing can often be broken down into a few simple rules that investors follow to achieve success. But success can depend on both what to do and what not to do. Here are the 11 golden rules of investing

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Investing can help you grow your wealth and achieve certain financial goals, and the earlier you start investing, the more you can earn.

Undoubtedly, such investments are always associated with a certain risk, which is why they frighten many people. Understanding the intricacies and peculiarities of the investment market can be quite difficult. However, with the basic laws, it is quite possible.

How to become a successful investor? 11 main rules of successful investments further.

Create an investment plan that meets your financial goals

Before you start investing, you should create an investment plan that meets your financial goals. Once you determine exactly what you want to achieve and how much time you have to do it, you can calculate how aggressively you can invest.

The standard minimum investment contribution is 10% of your pre-tax income. According to the general rules, the average amount of investments should be 20% of the profit. If you want to be more aggressive in your investment strategy, this number can reach 30%-40%.

Start investing as early as possible

Starting to invest as early as possible is one of the main rules of successful investments, because it takes time to get a good profit. The second reason is that with time to spare, you can invest in riskier stocks or assets that can yield maximum returns because you have more time to reach your financial goals.

Diversify

Diversification is the process of spreading your investments across different assets and geographies. By following this rule, you will be able to compensate for any potential losses. This means that the investor will not depend too much on one type of investment or region. If some of the investments perform poorly, other investments can compensate for those losses.

The higher the potential profit, the higher the level of risk

The prospect of higher profits can be attractive, but it often comes with a greater risk of losing money. Think carefully about what risks you are willing to take, as well as how much money you can afford to lose. It may be better to choose a less risky investment, even if the return will be lower.

Focus on long-term investments

Investing should never be viewed as a get-rich-quick scheme. It is better to invest for a minimum of five years or longer. The longer your investment is, the more chances you have of getting a good profit.

Experts say that if you have money that you will need in two years, don't even invest it in the market.

Anton Taranenko is the founder and CEO of online platforms Visit Ukraine and Visit World, owner of the international development company AntaGroup:

The main steps to make a successful real estate investment are as follows:

1. Market research: Conduct a detailed analysis of the real estate market, including consideration of the macroeconomic situation, price trends, supply and demand, local legislation and the economic outlook for the region. 

2. Objectives: Determine the specific goals of your real estate investment, whether it is to earn rental income, increase property value, or personal use. Specific goals will help you determine the type of property and location.

3. Financial stability: Assess your financial strength and ability to withstand the costs of acquisition, maintenance, and possible losses in the event of unforeseen circumstances. Be realistic and determine your budget for real estate investment.

 4. Diversification: Distribute your investments among different types of real estate and different locations to reduce risks and ensure greater portfolio stability.

5. Professional advice: Work with real estate professionals such as realtors, lawyers, accountants, and financial advisors. They will help you find the right property, conduct an independent valuation, and provide legal protection.

6. Take reasonable risks: Take into account the risks associated with real estate investments, such as changes in market conditions, termination of lease contracts, rising maintenance costs, and increased vacancy rates. A strategy of prudent risk allocation can help reduce the negative impact.

7. Real estate management: Ensure effective property management, whether in-house or through the use of professional service companies. Effective management will help to ensure optimal income and preservation of property value.

8. Continuing education: Maintain your real estate knowledge and skills. Keep abreast of new trends, legislation and market conditions to make informed investment decisions.

Don't try to determine the best time to market

In an ideal world, you invest right before the value of stocks or real estate rises. However, no one knows which way the stock markets will move, so trying to predict the ups and downs of the market can lead you to buy or sell stocks at the wrong time.

Reinvesting the income can help increase overall profits

If you do not need the income from your investment, you may want to consider reinvesting it to purchase additional units or shares that will potentially appreciate in value and increase your overall return.

Don't invest in something you don't understand

It's important to understand what you're investing in, but that doesn't mean you have to be a financial expert. Before putting money into any investment, take the time to do your due diligence so that you understand exactly what the potential returns are and what the risks are.

If you invest in stocks, make sure you know what the company does and how it plans to make money in the future.

Don't just invest in the most popular destinations

 It can be quite tempting to simply put all your money into the most effective and popular investments, but even though they may be "on trend", such investments may not suit your preferences, risk or goals.

Such an investment system may result in the portfolio being under-diversified or potentially over-exposed to one investment style, sector or country. It is important to have a wide range of investments because it is difficult to predict where the markets will go next.

Pay attention to whether you can get additional benefit in addition to profit

By investing in certain directions, in addition to profit, you can get additional benefits. For example, investing in foreign real estate is an attractive proposition for those who dream of additional income and are also looking for an opportunity to obtain a permanent residence permit or citizenship in another country. However, in this case, you should carefully choose the country and type of real estate. For example, the top regions in terms of investment attractiveness according to the Forbes rating are Turkey and the island of Bali (Indonesia).

- Indonesia - according to experts, the amount of net profit from the sale of apartments purchased in Bali during the construction phase will be 44% in three years. When renting real estate, you can return the investment in 5-6 years. However, the investor should carefully choose a developer, it is better if he has international work experience. It is also important to pay attention to the type of real estate and the location.

A profitable investment option in Bali is the purchase of premium apartments ANTA Residence Canggu from the reliable international developer ANTA Group, which has been operating in the real estate market for over 10 years.

- Turkey - the country has an attractive real estate market, where you can get a high return on investment. The country has a favorable geographical location, a strong economy, the government has developed programs to attract foreign investors, the country has a qualified and competitive workforce, a high level of development of transport infrastructure, moderate cost of doing business. Investors also have the right to obtain Turkish citizenship. Read more about the advantages of investing in real estate in Turkey here.

Most investors prefer to buy business-class apartments in Turkey, because such an investment is a good option, both for living and for investments.

Review your investment portfolio regularly

Unless you work with a financial advisor, you should review your portfolio at least annually.

The value of your investments will change over time, which may mean that your asset allocation (how you decide to allocate your money between different assets such as stocks, bonds, cash and property) may not match your investment goals. This means that you may need to reallocate your portfolio from time to time to ensure that you are still on track to meet your goals.

However, it is still better to work together with a specialist, because experts monitor market fluctuations on a daily basis and can assess risks and make the right decisions about your investments.

Daria Rogova, Head of Insurance at Visit World

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More articles on the topic: 

Find here the key factors of investment attractiveness of a real estate object.

How to make money on foreign real estate - we tell you here.
Investing in real estate during the war: how to survive in war-torn Ukraine and other parts of the world.
Hotel business in Bali: one of the best hospitality industries.
Reasons for choosing global investment: the power of international investment.
Global Investment Opportunities: Where to Look for the Best Deals?
Investing abroad: how to invest in foreign markets.