Top 10 Tips to Enhance the Investment Experience “Buy low and sell high” is not exactly a relevant formula for success in today’s investment environment. There are better investment strategies out there in the new millennium that will make your money work whether you choose impact investing, dividend investing, tax efficient investing, value investing or some combination of them all!
Here are some top tips to help you keep your cool when the market heats up:
2. Separate your emotions from the market: Markets fluctuate daily. Don’t react emotionally to current conditions (up or down) and risk making a poor investment decision.
3. Diversify, diversify, diversify: Don’t be held hostage by one market segment, you never know which one will outperform the others from year to year. A diversified portfolio positions you to reap returns wherever they occur.
4. Global is sometimes better than local: Diversification reduces risk – think outside the box and further than your home market.
5. Remember the devil is in the details: Equity vs fixed income, or passive investments vs managed accounts, be sure to understand the differences in the details and the expected returns. The end game is a cost effective, tax efficient portfolio.
6. Think long term: Historically, equity and bond markets have provided growth that has offset inflation and rewarded long term investors.
7. Past performance is not always a predictor: Resist the temptation to select mutual funds on past performance alone. It may not always predict future winners, look for additional insights.
8. Don’t try to outguess the market: If seasoned mutual fund managers can’t outsmart other market participants or pick stock winners consistently, neither will you.
9. Put your money where your mouth is: Socially responsible, impact investing and a good financial return do not have to be mutually exclusive.
10. Focus on what you can control: A financial advisor can help you stay in control by tailoring an investment plan that will work towards your goals. It will focus on the drivers of expected returns, your risk tolerance, and keeping expenses low with taxes at a minimum.
Contact Us: A key component of our services which enhances the client experience is the TFG 360° “whole”-istic approach to your financial health. That means a commitment to providing clients the right products for their needs, clearly explaining the potential risks and returns, and keeping fees at a minimum. We invest the time to educate clients about finance, work with them on defining their goals, and provide tools to help them understand the advantages and risks associated different financial products and services. We want you to make informed decisions. Feel free to contact me, Cory Lyon, directly at 561-209-1120, with any questions regarding financial investment strategies. I act as a fiduciary for all my clients.
TFG Financial Advisors, LLC is a registered investment advisor. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any securities, and past performance is not indicative of future results. Investments involve risk and are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed here.