Walking
through the financial maze of stocks, bonds, and mutual funds can be quite a
challenge. American Century Investments offers the following tips to give you
the know-how on building a profitable portfolio. Click here to learn about the differences
between elss and ppf.
* Know your goals. Consider
how much money
you’ll need for your children’s education or your retirement. Whatever your vision for
the future might be, set your goals and develop a concrete plan for meeting them.
* Define your investment time horizon. If you’re not planning on retiring anytime
soon, you might want to have a portfolio that
includes more long-term investments. If retirement is just around the corner,
consider a more conservative approach.
* Determine your risk tolerance. Figure out your risk comfort
level and compare
that with what you
can afford. In general, the longer you have to invest, the bigger the risk you can take.
* Consult a professional. In order to avoid financial pitfalls, later on, it is often wise to seek professional guidance when putting
together a portfolio.
“Recent
research shows that investors continue to grapple with some of the most basic
investment concepts, suggesting a greater need for financial advice and
guidance,” said Doug Lockwood, a certified financial planner.
To help investors meet their financial
goals, American Century
Investments has developed
On Plan Investing, a program designed
to help investors
build and maintain
diversified investment
portfolios – at no additional cost.
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for a life insurance policy, click here to check out our review of the lic
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Combining
educational tools, advice, market insight, and investment products, On Plan
Investing helps investors develop a personal investment strategy, whether they
are new to investing, seeking guidance but still want control over their
investment mix, need help positioning their portfolios with a long-term
perspective or need help understanding how the markets work.
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