By Alan L Jackson
When it comes to your retirement, financial planning and investing strategy, there are many things you need to consider when investing your money. Your reasons for investing play a large part in what vehicle you decide to invest in too. There is however one thing that holds true regardless of your reason and choice of vehicle. Without action there will be no nest egg to speak of later on. Persistency and consistency will ultimately deliver the fruits of your investment seeds. However, you must be willing to learn from your mistakes and review your portfolio regularly to ensure you are maximizing the growth of your assets.
While we are often bombarded with sales pitches on what vehicle is the most effective strategy for our financial security, the most important thing to remember is that there are no absolutes. There is no one right or wrong method for investing, only the method that you are most comfortable with. While diversity is important in building a strong portfolio, we must be careful not to over diversify and spread ourselves thin. Find an area that sits well with your philosophies and investment strategy and educate yourself within that field.
If you are at the beginning of your investment career you may be asking yourself whether to pursue stocks, bonds, mutual funds, options, CFD's or even property. The best initial investment you could make here is to engage the services of a well-regarded financial planner. A reputable financial planner will be able to better clarify the dynamics of each area for you in order to help you decide on a vehicle you are most comfortable with. The small investment you make with a financial planner may just help you save thousands of dollars and years of time wasted on a vehicle that is not right for you.
Never allow yourself to be pressured into making an investment decision that you are not comfortable with or have not done your homework on. Fear and anxiety are quite common emotions to experience when making decisions regarding your long-term financial prosperity. At the same time you need to remain mindful of the 'law of action' and avoid 'analysis paralysis'. In order to 'grow the fruits' of your investments you will need to take some risks. The greater the risks the greater the potential rewards. This is when a certified financial advisor or planner is an excellent idea as he/she can help take the emotion out of the equation and keep you on track.
You will encounter setbacks along the way regardless of you investment vehicle. Always remain focused on the bigger picture and avoid getting caught up in the media hype and day-to-day market corrections. Remember that as long as we continue to do what we have always done, we will always get what we have always had!
While we are often bombarded with sales pitches on what vehicle is the most effective strategy for our financial security, the most important thing to remember is that there are no absolutes. There is no one right or wrong method for investing, only the method that you are most comfortable with. While diversity is important in building a strong portfolio, we must be careful not to over diversify and spread ourselves thin. Find an area that sits well with your philosophies and investment strategy and educate yourself within that field.
If you are at the beginning of your investment career you may be asking yourself whether to pursue stocks, bonds, mutual funds, options, CFD's or even property. The best initial investment you could make here is to engage the services of a well-regarded financial planner. A reputable financial planner will be able to better clarify the dynamics of each area for you in order to help you decide on a vehicle you are most comfortable with. The small investment you make with a financial planner may just help you save thousands of dollars and years of time wasted on a vehicle that is not right for you.
Never allow yourself to be pressured into making an investment decision that you are not comfortable with or have not done your homework on. Fear and anxiety are quite common emotions to experience when making decisions regarding your long-term financial prosperity. At the same time you need to remain mindful of the 'law of action' and avoid 'analysis paralysis'. In order to 'grow the fruits' of your investments you will need to take some risks. The greater the risks the greater the potential rewards. This is when a certified financial advisor or planner is an excellent idea as he/she can help take the emotion out of the equation and keep you on track.
You will encounter setbacks along the way regardless of you investment vehicle. Always remain focused on the bigger picture and avoid getting caught up in the media hype and day-to-day market corrections. Remember that as long as we continue to do what we have always done, we will always get what we have always had!
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