Your investment questions – answered!

Thinking about investing, finally?

There are a few principles that apply to everyone when it comes to financial planning, and today we’ll touch on some questions would-be investors might have before taking the plunge:

Should I set goals? Absolutely. Set measurable and attainable financial goals. Review these goals every few months to ensure you’re on track to meeting them. Commit to these goals and stick to a regular investment schedule. The caveat is to make goals but don’t marry them. You can’t control the market, so do the mindset work in advance and accept that you might not meet your short-term goals.

When should I start investing? The best time to start investing was yesterday, but the second best time is today. Each day that passes adds long-term value and growth to an investment portfolio. Waiting until five years before retirement to get serious about investing increases the pressure to take risks and gives you less time to recover if your portfolio does decrease in value.

Should I just buy one kind of investment? Do you eat the same thing for every meal, every day? Diversifying your plate is healthy, and the same goes for investments. While your real estate investments may dip, your gold and equity investments may be doing well.

My investments are down! Should I sell? Avoid the urge to panic sell. Many novice investors make this mistake, and long-term investors will be right there to swoop in and buy during the dip. Rushed decisions and heightened emotions cost money.

It’s smart to consider the pros and cons of investing.

Whether you’re a new investor or have been in the game awhile, you probably have additional questions (this is a good chance to talk to a financial advisor).

We’ve got you covered.

To book a complimentary 15-minute financial consultation, choose a convenient time in my online scheduler or call 330 836 7800 Ext. 1