The First Rule For Safe Investments

In the last 5-7 years, the topic of investment has not been "off the scene" and has become a regular cause for discussion, podcasts, recordings and opinion pieces. And this time will be no exception.

Currently, every conscious and sensible resident in Latvia has heard something about how cool and good it is to invest, and how it will help in old age or with any major purchases or unexpected expenses. The next level of investment awareness already requires people to know that investments should be diversified (the old story about not putting all your eggs in one basket). Namely, at a minimum: cash in a deposit or savings account, then a medium/long-term (at least 5-10 years) investment that can be converted into cash relatively quickly and, preferably, cheaply when needed, and lastly, an investment in pension plans that can be accessed only when you reach retirement age. Finally, those who have already got into the excitement of investing know the intricacies of