A walk through the financial maze of stocks, bonds and mutual funds can be quite a challenge. American Century Investments offers the following tips to give you the know-how to build a profitable portfolio.
* Know your destination. Consider how much money you need for your child’s education or your retirement. Whatever may be your vision for the future, set goals and develop a concrete plan to hold for them.
* Determine your time horizon and investment. If you are not planning to retire anytime soon, you may want a portfolio that have included more long-term investment. If retirement is just around the corner, consider a more conservative approach.
* Determine your risk tolerance. Do you know your risk comfort and compare what you can afford. In general, the longer you invest, the greater the risk you can take.
* Consult a professional. To avoid financial pitfalls later, it is often advisable to seek professional advice in the preparation of a portfolio.
“Recent research shows that investors with some of the basic concepts of investment struggle to continue, suggesting a greater need for financial advice and guidance,” said Doug Lockwood, a Certified Financial Planner.
To investors achieve their financial goals American Century Investments has developed the Investment Plan, a program designed to help investors build and maintain a diversified investment portfolio – at no additional cost.
Combining educational material, advice, market knowledge and investment products, the investment plan to help investors a personal investment strategy, whether they invest, looking for clues but still want to mix the control of their investments have to position their portfolios with long-term perspective or Help need help to understand how markets work.