Most people, naturally, want to make money investing.
The majority of people want to limit risks as well.
However, reducing hassles in financial life is also important.
Many people don’t invest because they are concerned that moving money towards a plan will be too much hassle.
It makes rational sense as well. Return on investment (ROI) should be adjusted for time.
Here is my list of the steps for stress-free investing.
If you want to invest as an expat or high-net-worth individual, which is what I specialize in, you can email me ([email protected]) or use WhatsApp (+44-7393-450-837).
Steps To Reduce Investing Hassles Profitably
1. Automate investing
It is a good idea to set up a direct debit or standing order to a regular investment.
Studies have shown that this action increases how much we invest by up to three times.
Nobody ever “forgets” to pay their mortgage, as it typically comes out one day after we are paid.
The same can be true for financial investments.
This Buffett quote says it all:
2. Outsource
Time is money. Using a firm which is specialised in the area you want help in. They should help you manage your stock, bond or real estate investments.
You don’t need to be rich to get an advisor or some help.
3. Don’t just outsource to any firm
Point two notwithstanding, some firms engage in pointless procedures, compliance and communication methods, which go far beyond any legal requirements.
Years ago I worked on eliminating face-to-face meetings in 2018, and have since preferred communicating with my clients via email and WhatsApp, unless they state a different preference for Zoom or Teams meetings.
Therefore, deal with providers who make things simple. This means dealing with the likes of Wise and Revolut for your banking and not HSBC, and yes (shameless plug coming!) dealing with firms like ourselves if you are within our target area (expat and high-net-worth individuals).
4. Avoid traditional property
Property is a lot of hassle and is time consuming.
If you are OK with some hassle, then outsource it to an agency.
However, buying, selling and renting properties will never be as hassle-free as owning real estate investment trusts (REITs) and most other investments such as ETFs.
What is more some REITs and alternative property investments have outperformed traditional real estate, and are more tax-efficient in some countries as well.
5.Invest in high-net-worth investments
High-net-worth and sophisticated investments such as some REITs, hedge funds and loan notes will come with fewer hassles and compliance compared to highly regulated solutions such as pensions, or even property.
Needless to say, it is best to seek advice on whether these are appropriate for your situation, as per points two and three.
In particular, investing in loan notes always carries big risks, and you could lose all your money.
However, doing some (or all) of the five things listed above, will ensure you can invest without too many hassles.
Pained by financial indecision? Want to invest with Adam?
Adam is an internationally recognised author on financial matters with over 830million answer views on Quora, a widely sold book on Amazon, and a contributor on Forbes.
Advice on investing.
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