For those who falter at such concepts, make a New Year’s resolution to start with the rudiments. This simple resolution can save you from being financially “trapped” into making common financial errors that lead to more debt. Apart from being unaware of the need to start early, some give the excuse that investing is risky and they do not wish to lose their capital. Make your third 2020 resolution to review and rebalance your financial position, be it your investment portfolio or your budgets and expenses. When determining your portfolio, first think about your financial goals such as retirement, education, family or holiday expectations.

Source: The Edge Markets February 11, 2020 07:30 UTC