Both short- and long-term investments can be effective ways to build wealth — but, like anything else, investing comes with some level of risk. That’s why you need to consider not only your own risk tolerance, but also your current financial situation and overarching goals before you get started. It’s also important to have a strategy in place before putting your money toward different investment vehicles.  

Unfortunately, many people aren’t as prepared for the highs and lows of investing as they’d like to be. In many cases, individual investors also end up making mistakes that not only impact their current financial situation but can potentially prevent them from becoming rich. 

Read what Sigita Kotlere, CEO at Nectaro, says here