DON’T BE AFRAID TO TAKE INVESTMENT RISKS, JUST KNOW WHEN YOU ARE Watch the related WEALTHTRACK episode.
Investing Principles
DON’T THROW OUT THE BABY WITH THE BATHWATER
DON’T THROW OUT THE BABY WITH THE BATHWATER, IN THIS CASE MORNINGSTAR’S WIDELY USED FIVE- STAR RATING SYSTEM FOR MUTUAL FUNDS. Watch the related WEALTHTRACK episode.
MAKE SURE YOU HAVE A SAFE HAVEN ASSET IN YOUR PORTFOLIO
MAKE SURE YOU HAVE A SAFE HAVEN ASSET IN YOUR PORTFOLIO Gold: A logical choice Universally recognized and traded as safe haven Minerd recommends maximum 5% holding Jean-Marie Eveillard recommends maximum 10% Buying gold is a hassle Alternative is gold ETF SPDR Gold Shares (GLD) iShares Gold Trust (IAU) Watch the related WEALTHTRACK […]
DON’T GET CAUGHT UP IN THE INVESTMENT CRAZE OF THE MOMENT LONG-TERM CRITERIA Risk-Adjusted Returns Does the fund cushion you during market declines? Inflation-Adjusted Returns – Does it protect your purchasing power? Consistency of Investment Style & Discipline Diversification of Holdings Attention to Costs Watch the related WEALTHTRACK episode.
CONSIDER AUTOMATING SOME OF YOUR INVESTMENT DECISIONS
CONSIDER AUTOMATING SOME OF YOUR INVESTMENT DECISIONS Automatic deposits to savings or tax-deferred accounts Setting up a robo-account to automatically invest and rebalance your portfolio Buying a Target Date Fund to prepare for your retirement Automatic Dividend Reinvestment Plans Watch the related WEALTHTRACK episode.
USE PASSIVE AND ACTIVE TO YOUR COMFORT LEVELS
USE PASSIVE AND ACTIVE TO YOUR COMFORT LEVELS NO INTEREST IN INVESTING: Choose index funds Diversify globally & by asset class Include safe haven investments e.g. Treasury bonds & Gold COMFORT LEVEL COMBINATION: Core position in broad global stock index fund or ETF Satellite positions in actively managed mutual funds Possible Specialties: Small […]