A Fee-Only financial planner can help you develop an investment strategy to secure your financial future. Still, as an informed consumer, you are likely watching the news and paying attention to what is going on in the world. You want to partner with your financial planner in choosing investments, rather than just leave these decisions completely in the hands of another person. If this describes you, here are a few things to keep in mind-
The best investments are stable and offer growth over time:
While there is something exciting about getting in on an investment that everyone says will make loads of money (as long as you don’t hold onto it for too long), making wise choices to build a solid nest egg is much more pleasant.
Smart investing is not always about picking something that will soar in profits quickly. Instead, choosing a mix of investments that will bring in returns in the long term is a sound strategy because markets are volatile and that “sure winner” might not work out as planned.
TV programs do not necessarily offer the best financial advice:
While they can keep you informed, televisions programs can lead you astray when they promote popular investments that could really just be the flavor of the month. You can also feel a certain pressure to continually find the next hot investment.
The professionals on television programs are offering general advice to a large audience of viewers. They are not aware of your individual financial background and needs. For more personalized service, work one-on-one with a financial planner.
Claire Emory of Clarity Financial Planning is a Fee-Only financial advisor trusted by savvy women, men, and families in the Washington DC Metro Area. Claire will guide you along the path to financial independence and help ensure that you can provide for yourself and the people you love.