Answering these questions will help you narrow down a strategy since each approach requires different levels of liquidity, opportunities, and risk.
Next, set out your objectives. Everyone has different needs, so you should determine yours. Are you saving for retirement? Are you looking to make big purchases like a home or car? Are you saving for your or your children's education? Answering these questions will help you narrow down a strategy since each approach requires different levels of liquidity, opportunities, and risk.