Taking Control of Your Investments
In a volatile market, there are times you feel that your
money is in a whirlwind and you have no control over what happens. Some might
feel like they have no idea what they are doing, and just throwing money at the
financial markets from time to time. Then after we feel we have the slightest
idea of what is going on, we let emotions run our buying and selling decisions
and make them at the wrong time.
In a recent newsletter from Dave Ramsey, “How
to Take Control of Your Investments”, we found four easy ways to help give
you control over your investments, and your future.
First, how much you invest will set you up for the rest of
your future. Your income is the most
powerful tool you have to building wealth, and making the right decisions with
it will put you ahead of the rest in the long run. Set up a good plan that
works for you and stick to it! Take advantage of your employer’s 401(k), and
invest to maximize their match percentage.
The earlier you start the better, and waiting will cost you
thousands in the long run. For every year you invest, that’s another year you
can take advantage of compound returns, and earn money on your earned money!
Next, what you choose to invest in is in your control. There
are endless options of financial products: real estate, stocks, bonds,
antiques, or collectables. However, for the best returns, nothing beats the
stock market. While certain stocks are very risky, there are other financial
products like mutual funds, which blend return and risk for any investor.
Finally, how you invest is important in reaching your
financial goals. Figuring out a good strategy and having the discipline to
stick to it will be critical in maximizing investment potential. A great investment advisor can really help
take the emotion out of it and advise you how to make informed data driven
decisions. The Dave Ramsey newsletter
states that “70% of wealthy investors rely on their financial advisors to help
them with their investment decisions.”
If you need help finding an investment plan that works for
you, or you would like help from an experienced investment advisor, we can help
you reach your goals. Visit our website
or call and speak with a financial advisor.
Investments For You, Inc.
1040 N. Maple
Suite A
Marysville, OH 43040
(937) 644-1661
