These four keys represent some of the best ideas that come from 40 years of practical investment experience and theoretical study. They are not meant to be exclusive, and we claim no authorship, as we have gleaned from some of the best minds on Wall Street and in Financial Planning.
- Develop a financial plan first. Design your investment parameters from your plan and don’t let your plan be defined by your investment experience.
- Create a portfolio that contains some of the best talent in the world. There are some very successful investors out there, put them to work for you.
- Come to grips with risk in its many varied forms. Risk is not confined to loss of principal but can be defined by volatility, inflation risk and liquidity risk. Some famous managers claim that returns are best fulfilled by managing risk.
- Monitor, Monitor, Monitor! Monitor your portfolio, your managers and your plan and adjust accordingly.
If you would like more insights or discussions on investing, contact us or give our office a call 717-761-2655.
Investing involves risk and you may incur a profit or loss regardless of strategy selected.