Fear and greed might drive mouse clicks and website traction, however following the funding recommendation on the web will do little for your long-term financial success.
Revisit why you might be investing. What are your objectives and investment time-frame for the funds invested? Are you investing for a large purchase — similar to a new home, funding a child or grandchild’s school fund — or investing for retirement? If your time-frame is three years or less, consider investing in a more conservative portfolio that consists of quick-time period bonds or cash equivalents. However, in case your time horizon is long term, a well-diversified portfolio consisting of stocks and bonds could be the proper move.
Answer – One strategy that is generally applied is Life Cycle planning, that’s, early career, mid profession, late career, and at retirement – and whereas all phases require a assessment of the basic principles, every subsequent … Read more
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