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Ep 30 - DIY Financial Planning - Investment Management

Ep 30 - DIY Financial Planning - Investment Management

Released Friday, 1st July 2022
Good episode? Give it some love!
Ep 30 - DIY Financial Planning - Investment Management

Ep 30 - DIY Financial Planning - Investment Management

Ep 30 - DIY Financial Planning - Investment Management

Ep 30 - DIY Financial Planning - Investment Management

Friday, 1st July 2022
Good episode? Give it some love!
Rate Episode

Investment management is one of my favorite topics!  The second is taxes.
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There are 2 big myths about how financial advisors manage a client's investment that are good practices for you to follow when building your own portfolio:
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1.  Think like an investor (hold investments for the long term) and not like a trader (hold investments for the short term)
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2.  Do not create a portfolio of random stocks.  Use Exchange Traded Funds (ETFs), or Mutual Funds instead to diversify the investments between equity and fixed income.
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How to build your investment portfolio?
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The easiest way is to get a target date fund.  Everything that needs to happen occurs behind the scenes just by owning the fund. It's a great way to go!
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But if you do want to take it up a notch and create a diversified portfolio with equity and fixed income then the first thing you'll need to know is your risk tolerance to investing
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That's done by getting a Risk Tolerance Questionnaire.  The outcome will be your risk tolerance (High, Medium-High, Medium, etc) and that will correlate to the type of split your portfolio should be at (80% equity/ 20% fixed income, 70/30, 60/40, etc)
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If you can't find a questionnaire, send me an email and I'll send over what I use with my clients. We'll go over your results and what type of portfolio it correlates to.

[email protected]

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Want more information about RADIANT Wealth Planning?  Schedule an introductory meeting with Randa @  https://go.oncehub.com/MeetGreet

https://www.RADIANTWealthPlanning.com

[email protected]

Instagram  @radiantranda
Facebook  @ /RadiantWealthPlanning
LinkedIn  @ randa-hoffman-ca
YouTube @ RADIANT Wealth Planning, LLC

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