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Key Investing Tips

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Money Talk > Investing, Stocks and Bonds

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CredoWealthManagement
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Cash: $ 3.40

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Joined: 20 Mar 2017
Location: Denver, Colorado
Key Investing Tips  Reply with quote  

While there are a lot of "tips" and even opinions or preferences offered, most successful investors and advisors should agree with the following key elements for most investors:

-Select diversified funds (e.g. ETFs)
-Keep expense ratios low (cost of funds)
-Choose an appropriate fund allocation (e.g. stocks types, bond duration)
-Set up auto-deposits (dollar cost averaging can equal less expensive investing)
-Leverage technology (e.g. tax loss harvesting, automatic rebalancing)
-Focus on long-term investing (avoid short-term withdrawals)
-Incorporate appropriate tax advantaged accounts (e.g. Roth IRA)

While some of these choices may seem daunting or overwhelming, having a competent and caring advisor for a low fee can be very helpful and even prudent.

Congrats for taking action to invest in your legacy!
Dan
Post Mon Mar 20, 2017 10:31 pm
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