How to Invest: Don’t Make a Mountain out of a Mole Hill
How do you invest the money you save?
In investing, we want a clear-headed, straightforward approach. Unfortunately, there’s so much information out there — and so much hype – it’s easy to lose your way.
But by asking the right questions at the right times you can make investing easier.
Here’s a question I ask my clients:
What level of risk do you feel comfortable with?
Here’s another:
Is it smart to take that risk at this stage of your life?
Maybe it is. But the principled investor weighs the risk before acting.
Sometimes in families you’ll find contrasting attitudes and philosophies about investing, and that only reinforces for me that these matters are addressed. It’s a sad fact of our society that relationships get soured over money matters all the time.
That’s why a family needs an advisor who stands outside the argument — a financial professional who can remain detached from the emotion that can influence investment decisions. When my clients commit to the disciplined vision of a long-term approach, it’s my job to maintain that discipline.
So how do you invest your savings? With a clear head. Use a financial advisor who will help you put aside emotions and media hype. Someone who can help you make a decision that’s consistent with your financial plan, so you can move things along and live your life.
Listen to Stu’s WNBP podcast with Win Damon on 1450AM and wnbp.com