Having money and time ahead of you to boost your savings is not enough. You also need a mentality that can withstand crises and stay the course in a storm. If you spend sleepless nights and break into a cold sweat every time your capital loses 10% of its value, do yourself a favour and stay away from stock-market investments.
Always bear in mind that investing is for the long term—this will get you through dips in the market. Remember that as long as you don’t sell, you don’t lose anything.
Of course, everyone takes the ups and downs differently and it’s important to know how much risk you can handle before choosing an investment product. All you have to do is determine your investor profile with your financial advisor.