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.
* 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 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.
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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