Basic Principles of Investing

Putting It All Together

Investing is an ongoing process; it is not something you do once and forget about. Make a commitment to remain active in managing your portfolio in order to maximize your returns. Use this checklist to stay on the right track:

  • I have money set aside for emergencies.
  • I've taken care of my retirement needs first.
  • I know my risk tolerance.
  • I know my time horizon.
  • I've written down my investment goals.
  • I have my asset allocation, and I am taking steps to make my investments fit into it.
  • I've read the sections on different types of mutual funds.
  • Taking my risk tolerance into account, I am investing in a variety of stock and bond mutual funds, diversifying to get the best return for the least risk.
  • I'm keeping the statements I get concerning my mutual fund investments.

No one's portfolio is ever perfect. Where you are now and where you should be may be quite different. Remember to consider dollar-cost averaging. You may want to move slowly from where you are to where you should be; divide the amount that needs to be moved into quarters and move one quarter every six months. Staying on top of your asset allocation is a key to successful investing.

Share Article:
Add to GooglePlus
Investment and insurance products and services are offered through INFINEX INVESTMENTS, INC., Member FINRA / SIPC . Wauchula State Financial Services is a trade name of the bank. Infinex is not affiliated with either entity. Products and services made available through Infinex are not insured by the FDIC or any other agency of the United States and are not deposits of or obligations of nor guaranteed or insured by any bank or bank affiliate. These products are subject to investment risk, including the possible loss of value.