When building your investment portfolio, keep the following three tips in mind:
Diversify your investments
It’s never a good idea to keep most of your money in a single stock or investment. Even if the firm is solid, you never know what the future may bring. If the company tumbled,… Read more
Are you wondering what to do with your investments while interest rates and yields are low?
Perhaps the most important tool for investment success is your asset allocation. This means spreading out and diversifying your investments, rather than focusing on one type of investment, or putting money into a single sector,… Read more
As every investor knows, it’s hard to protect yourself in a volatile market. But what about crazy uncertainty, like when the media tells you that corona virus will shut down the economy for months – or maybe years? What is the best way to plan in a climate of uncertainty?
Asset allocation
Asset allocation means don’t put all your eggs into one basket…. Read more
Strategic thinking isn’t only useful in games, but can help increase your assets. Carefully applying the skills of a chess grandmaster to your finances can yield benefits.
Evaluate your current position
First things grandmasters do is evaluate their position. Look at the entire board before considering your next move…. Read more
Market timing is essentially the opposite of dollar-cost averaging.
Pros who believe they can put their money into the market at “optimal” times monitor trends and other financial criteria. They believe that markets follow predictable patterns and that market timers can select stocks before they shoot up. One problem with this strategy is that even when a person has wisely chosen a sector or correctly analyzed a cyclical pattern,… Read more
Sometimes when you invest a dollar, you can gain more. Continuing our three-part series on investing strategies, this column focuses on dollar-cost averaging.
Dollar-cost averaging
Investors use dollar-cost averaging when they own a stock/fund and want to buy more. Followers of this strategy invest a fixed dollar amount at regular intervals to buy additional shares…. Read more
One of the main keys to successful investing is strategy. In the financial world, there are various approaches and strategies for handling your money, and it’s always a good idea to research them to find out whether they could be useful to you.
Over the next three weeks, I will explain the nature of different investment strategies and how they work…. Read more
As a financial planner, I often tell my individual clients to build their financial future by saving for emergencies as well as for retirement. However, entrepreneurs often ignore this piece of wisdom. A study in the United Kingdom by Scottish Widows Savings & Investments discovered that one in five entrepreneurs have no funds left after they invested in new initiatives and paid off their company’s debts. … Read more
Behind every successful business there’s a great CEO. These CEOs know that the secret to success lies beyond physical or financial resources. Their best-kept secret is how they work with their teams.
To understand how different management styles affect my clients’ portfolios, I discussed this issue with Liz Wiseman, author of Multipliers: How the Best Leaders Make Everyone Smarter,… Read more
Have you recently checked the attic to see if you have any paintings by famous Old Masters hidden away there? Or do you scour flea markets in the hope that you will find a famous painting that no one knew about? Such stories are usually the stuff of novels or news articles,… Read more
