The key to investing is to set realistic goals based on your risk tolerance. If you believe you can become rich overnight through investing you are mistaken. That happens more often in movies than in real life. By thinking long-term you can achieve your financial goals and have the retirement of your dreams. Speaking of what does retirement look like to you? Will you be a homebody or a jet setter? Cooking at home or dining out regularly? Your lifestyle goals will determine how much money you need to save towards retirement. Once you know what your goals are, call us.
Alloy Investment Management works with investors of all ages and income levels. If you are new to investing, you need to determine your risk tolerance. Some investors can’t afford any loss because they are nearing retirement age. Others have time to spare but are uncomfortable with the thought of making high-risk investments. Balanced portfolios are preferred most often because they offer a mix of investments with varying risks.
As you experience life changes like marriage and children, the types of investments in your portfolio may change a bit. When you get closer to retirement age, you may want to reduce the number of high-risk investments. An investment portfolio isn’t something you set then forget. We recommend regular reviews. Whether those reviews are quarterly, bi-annually, or annually will depend on your financial goals. If you are ready to learn more about investment, call 800-689-3935.