Bonds or Stocks where Should I Puts My Money Now?
Nest Egg
For many of us, determining where to put our investment capital is a difficult subject. Many of us want to hand over out nest egg to a stranger and hope that we picked aqualified person that has our best interest at heart. Unfortunately, finding a financial advisorthat can meets our financial goals, as well as understands the current marketenvironment, is a not an easiest proposition.
Financial Goals
There are many factors that go into determining where you should put your money. Your age, your risk tolerance, and your financial goals. For those who are of retirement age, capital preservation is likely more important than growth.
For those intheir 20's and 30's, growth is likely high on their radar screen. Determining your risk tolerance and financialgoals is where you should start in determining where you should put your money.
The first step in determining were to put your money is to clearly spell out why you are investing. If your goal to achieve long term growth for retirement, or to increaseyour wealth for short term discretionary income, you need a plan to accomplishthese goals.
One way to start this process is to try to figure out your goals for the next 1-3 years 4-6 years and7+ years. By doing this you can align your objectives with your short term, medium term and long term goals.
Comments