If there is one thing that Agora Financial eats, drinks, and breathes, it would be helping people with their investments. They have a host of consultants that have a passion for helping others play the markets to win. Recently, they gave out some advice about the ten best ways to invest in your future.
Learn the Basics And Set Long-Term Goals
Even if you have an investment professional do all the work for you, the first step is to learn the basics for any investment plan and set long-term goals. When investors learn the basics, they have more control over their money and can engage more fully in the financial decision-making process. Setting long-term goals is also important because it gives investors some direction as to how they should manage their money in a short-term.
Set Short-Term Goals And Study Long-Term Investments
Investors need to look at the different short-term goals. Some examples would be such things as saving for new car tires, saving for new appliances, or saving for a vacation. New investors also need to look at different investment vehicles available to them. This would include such things as IRA’s, 401K’s, CD’s, Stock and Bonds, and knowing the difference between them all.
Get An Extensive Knowledge Regarding Short-Term Investments
Investors need to study the different types of short-term Investments that are available to them as well. These would include such things as CD’s (certificates of deposit), commodities, money market accounts, and investments in real estate.
Keep A Safety Margin And Profit From Volatility
All investors should buy a security at a lower value in relation to its intrinsic value. In this manner, they will be able to minimize risk as much as possible.Investors should also be aware of price volatility. For example, if a price in a security climbs too high then you need to sell. There’s no getting around it. Sell. As high as a security can go, it also can go every bit as low.
Be Self-Aware And Work To Mitigate Long-Term Risks
What type of “investment personality” do you have? Are you an active investor that does a lot of research and wants larger returns? Or, are you a passive investor who is content with smaller returns? The answer to these questions can largely dictate how you should invest. Investors should also mitigate long-term risks by making a habit of reviewing their portfolio frequently.
Make A Life Plan.
Finally, Agora Financial recommends that all investors have a life plan in mind and they set financial goals based on their priorities in life. When you plan for the long-term, you will not only be better off financially but you will even have better health as well! Agora Financial can help you with all of these goals. Their network of trained professionals can answer any investment questions you might have. Call them today for a prospectus!