Life cycle directs all of human actions and investments is not an exception. Earning and investments typically start with third decade of life. At the onset an individual has less of financial capital but a lot of human capital as defined by potential to earn. As life advances, human capital reduces and financial capital increases. At certain stage everybody likes to have freedom to retire that is to be free of compulsion of building financial capital. While the stages of life and investments I am about to discuss aren’t thumb rules and in-fact circumstantial deviation from this is inevitable. However, it will get you initiated; make you understand where you are and attempt to charter your way forward.
I refrain from digging deeper in the nuances of each of above twelve squares as it depends largely on investor than the investments. Person comes first in ‘personal finance’ never let the later take over!