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Investment Management

<b>Growing Your Wealth: What You Should Know about Investment Management &#38; Planning</b>

Growing Your Wealth: What You Should Know about Investment Management & Planning

Do you spend a lot of time thinking about your investment accounts? Most people don’t. You have probably set up automated contributions, which leaves you free to do other things. Actually, your assets in your portfolio will perform better if you spend time on planning and managing your investments. Of course, you don’t have to do this yourself. In fact, a financial advisor is much better equipped for the job.

Investment management involves regularly tracking the performance of your assets, rebalancing your portfolio, and aligning your objectives and timelines with the different investment products. Even if you regularly invest half of your money in stocks and the other half in mutual funds, the portfolio will become unbalanced overtime. Stocks and bonds can fluctuate in value. As a result, your portfolio may no longer align with your risk tolerance or objectives.

Why You Should Make Investment Management a Priority

Investment management isn’t just about balancing your assets to keep your risk tolerance steady. It’s also about keeping your assets diversified without investing too much in any one industry or company. Most people don’t even understand the connections between all the different businesses, let alone how many of your assets are tied up in each of them.

As your wealth grows, it’s just as important to maintain and preserve your wealth as to grow it further. Depending on your objectives, you may decide to keep some of your assets as liquid capital. Whether you want to retire early, invest in a new business, or fund another dream, it’s good practice to plan ahead. Don’t wait until retirement to evaluate your investment strategy. Instead, I recommend scheduling regular reviews of your finances to prevent surprises.

Examples of Investment Management & Planning

There are different paths to building wealth. Which ones you choose depends on your goal. Here are some examples of investment management accounts:

  • Retirement accounts 
  • Education plans for your child
  • Mutual funds to save for an event, such as a child’s wedding
  • Investment accounts to build generational wealth
  • Trust funds as part of an estate plan

Investment planning doesn’t just involve buying and selling assets. A good financial advisor will also talk to you about mitigating risk and insuring your assets to protect your hard-earned money. 

FAQs about Investment Management

If you have questions about investment management, you’re not alone. I understand that planning your financial future is a tremendous undertaking. Here are some FAQs that may help you:

Why Does Investment Management Matter?

With proper investment management, you can increase your earnings and mitigate your losses. Buying and selling assets can sometimes be done on autopilot, but without a regular portfolio review, you might not get the best possible results. I can help you manage your money wisely and zero- in on your investment goals.

What Does Proper Investment Planning Look Like?

Proper investment planning involves identifying your goals and objectives to build a plan for your financial future. Getting proper insurance coverage lays the groundwork for maintaining your wealth. A financial advisor can help you manage all the moving parts to create one cohesive financial plan for you and your family.

What’s the First Step in Investment Management?

Proper investment planning involves understanding your current financial situation and goals. Ask yourself some questions about where you are and where you want to be. For example, do you want to retire in two decades or sooner? Are you saving for college for your child? Are you interested in saving up money for starting a business or fulfilling a lifelong dream? Do you just want to save for retirement? What kind of lifestyle do you want to enjoy during retirement? The answers to those questions will determine the next step.

<h2><span style="font-weight: 400;" data-mce-style="font-weight: 400;">Get An Advisor To Help You Manage Your Wealth</span></h2>

Get An Advisor To Help You Manage Your Wealth

As a financial advisor, I understand how hard it is to manage your investments while keeping up with the rest of your life. Let a professional financial advisor manage your investments and give you the peace of mind you deserve. Don’t wait to manage your wealth, because you might be leaving a lot of money on the table if you leave things up to chance. Call to get started.