Three Questions
Three questions I ask myself when investing:
DOES IT MATCH MY VALUES?
I want to do as much as I can to make sure my money isn't flowing to any companies or industries that are harming the world.
IS IT PASSIVE?
I don't do trading. I don't want to spend my days tracking and trading and buying low and selling high. That's not for me. I want something that I can be sure will be growing steadily without my intervention.
Our economic model is designed for long term growth so I do my research upfront, invest and then leave it be.
IS IT LONG-TERM?
Investments fluctuate so I need to be prepared to leave it there to grow for at least five years.
Then when my future self wants to use it there *should* be more there than I have put in.
Most passive investments work best in the long term so you need to have patience.
Knowing your decision making criteria for investments makes everything a lot simpler.