This is the Third course in a series of 7 called ” Your financial goals”
A sound investment strategy is critical to helping your money grow and, ideally, outpace inflation. However, if you’re like many people, you may not have the time or the inclination to analyze how different investments or securities may fit into your portfolio and you may wonder whether you’re investing appropriately to meet your financial goals.
Clarify your investment goals
Before you invest your money, it’s important to identify and prioritize your financial goals, assess your risk tolerance and understand your investment options. A financial advisor can help you sort through your options and invest appropriately. Some questions to consider:
- What needs and dreams are you saving for? Retirement, a home, education?
- When will you need the money you plan to invest now?
- What is your risk tolerance? Are you willing to invest in stocks that may rise and fall in value in the short term, but have the potential to deliver larger returns in the long run? Or would you feel better if your money was invested more conservatively?
- Do you understand how different investment vehicles (stocks, bonds, mutual funds, real estate, etc.) work? And the potential tax advantages of each?
Develop an investment strategy
Working with a financial advisor can help you:
- Assess your financial situation. Create a clear picture of your current financial situation, including analyzing your investment timeframe and your risk tolerance.
- Understand investing options, such as investment types and accounts, to help you make decisions that are right for you.
- Apply diversification. Invest in a variety of assets to distribute and reduce risk.
- Allocate your funds. Spread your investments among different asset categories, including stocks, bonds, cash and real estate, a process known as asset allocation. This also helps dilute risk.
- Monitor your progress. Revisit and re-allocate your portfolio regularly to make sure your investments are still aligned with your current needs and future goals.
- Consider tax implications. Be aware of tax advantages as well as tax consequences so you can avoid paying unnecessary fees.
Message for you(Trader/Investor): Google has the answers to most all of your questions, after exploring Google if you still have thoughts or questions my Email is open 24/7. Each week you will receive your Course Materials. You can print it and highlight for your life Goal.
Your financial goals ( 7 Days – Comprehensive Course)
- College education
- Business ownership
- Investment planning
- Estate planning
- Long-term health care
- Charitable giving
This Completes the List of Courses.
Wishing you a wonderful learning experience and the continued desire to grow your knowledge. Education is an essential part of living wisely and the Experiences of life, I hope you make it fun.
Learning how to profit in the Stock Market requires time and unfortunately mistakes which are called losses. Why not be profitable while you are learning?