A pyramid of investing needs

I think everyone who is reading this understands the basics: Why we must save Why we must invest However, there's another layer of concepts that is even more fundamental. At Value Research, we have created a useful framework for thinking about these investment needs. We divide investment needs into four levels. Each level is more fundamental than the ones that come after it. You should satisfy the need at each level before going on to the next one. Those who know a bit about psychology may recognise this system as being based on the 'hierarchy of needs', a concept proposed by psychologist Abraham Maslow. You can read details on the Wikipedia page by accessing this URL. So here's Value Research