4 Tips to Build a Successful Portfolio
Walking through the financial maze of stocks, bonds, foreign exchange, cryptocurrency and mutual funds can be quite a challenge. American Century Investments offers the following tips to give you the know-how on building a profitable portfolio.
* Know your goals: Consider how much money you'll need for your children's education or your retirement. Whatever your vision for the future might be, set your goals and develop a concrete plan for meeting them.
* Define your investment time horizon: If you're not planning on retiring anytime soon, you might want to have a portfolio that includes more long-term investments, like stocks. If retirement is just around the corner, consider a more conservative approach.
* Determine your risk tolerance: Figure out your risk comfort level and compare that with what you can afford. In general, the longer you have to invest, the bigger risk you can take.
* Consult a professional: In order to avoid financial pitfalls later on, it is often wise to seek professional guidance when putting together a portfolio. Through our partners, we provide the ability to enroll into an academy where you will learn how to successfully trade in the foreign exchange market while teaching you how to invest in digital assets.
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"Recent research shows that investors continue to grapple with some of the most basic investment concepts, suggesting a greater need for financial advice and guidance," said Doug Lockwood, a certified financial planner.
To help you as a new investor meet your financial goals, we invite you to partake in our wealth circle. Rich University is a community of educators, entrepreneurs & efficient thinkers who are investing into financial stability through acquiring skillsets from relationships that produce results & provide residual income! We are 100% committed to the success of each and every new person who joins us. We have the best training, support, tools, systems, and everything you need to FINALLY be successful in this great industry.
Combining educational tools, advice, market insight and investment products, RICH University helps investors develop a personal investment strategy, whether they are new to investing, seeking guidance but still want control over their investment mix, need help positioning their portfolios with a long-term perspective or need help understanding how the markets work.
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