16. Invest Wisely
If everything goes according to plan, you could have amassed a nest egg in a couple of years or so. At this stage, your best move would be to reinvest your money in the business. Another way would be to invest the profits in a mutual fund with a diversified portfolio.
A broadly diversified mutual fund is formulated to help you make it easier for you to manage your portfolio and minimize investment risk. An all-in-one fund helps those who’re investing a fair amount of money for the first time. A broad spectrum fund such as a ‘Core Bond’ or an ‘Emerging Markets Bond’ can diminish risk via widespread diversification. No matter whatever type of an ‘all-in-one mutual fund’ you choose, it’ll automatically supervise rebalancing of your investment portfolio.