How to get started. Set your goals
Before you start investing, it's important to determine your financial goals. Think about when you want to retire and how much money you'll need to maintain your desired lifestyle. Calculate monthly expenses and factor in inflation.
Set up an emergency fund
Before you start investing, make sure you have an emergency fund. This fund should cover at least 3-6 months of your basic expenses. This way, you will be able to deal with any emergencies that may come up without having to withdraw money from your investments.
Choosing suitable investments
There are many Investment options, including stocks, bonds, mutual funds and real estate. It’s important to choose investment products that suit your risk profile and goals. Also, find out about the insurance-investment products (or unit linked insurance-based investment products)* available through NBG.
Leveraging pension plans
Take advantage of pension plans offered by your employer or the state. These plans often offer tax benefits and can increase the amount you’ll have available in retirement.
Ongoing learning & reviewing
Financial markets and tools are constantly evolving. It's important to keep up with market trends and changes. Also, you should regularly review your investments and strategies to ensure you stay on track toward your goals.
Start your investments today
Don't wait until the last minute to start investing. Even small amounts, if invested early, can potentially add up significantly over time. Get started today, learn about the investment risks of the products and consider creating a solid investment plan in pursuit of a comfortable and dignified retirement.
Sources:
NerdWallet, https://www.nerdwallet.com/article/investing/retirement-planning-an-introduction
SofiLearn, https://www.sofi.com/learn/content/when-to-start-saving-retirement/
* Note that investing in financial instruments/ investment and Unit linked products involves risks, including the risk of loss of the initial invested capital, regarding which potential investors should be well informed by means of the respective product documents.