SECRET RECIPE #5
SAVORY INVESTMENT WISDOM CASSEROLE
Explore some innovative twists on classic strategies
Investment wisdom emerges when you understand how money and the financial industry work. It will allow you to make more intelligent decisions. Your decisions will be based upon insight, rather than following the herd. Recognizing the risk associated with stock market investing and appreciating safe money investment channels will allow you to achieve your investment goals over time.
1 ½ cups risk assessment
1 ½ cups tolerance
3 TBSP investment strategy sense
½ tsp hype recognition
1 lb. long-term financial plan
1 method of planning
1. Identify risks and benefits of every financial vehicle, product and strategy.
2. Recognize what your portfolio can tolerate.
3. Approach every investment with eyes wide open.
4. Operate according to your long-term plan.
5. Beware of investment hype.
One lifetime. Each investment may have its own timeline and can overlap to achieve other goals. Don’t be short-sided in the payback.
After properly preparing this recipe, you’ll understand investment wisdom often takes a lifetime to acquire. This wisdom will help you to establish a legacy, changing the course of your finances now and for future generations. Base your financial decisions on knowledge, experience and sound advice. Work with an advisor, who you trust and have thoroughly vetted. Resist the lure of investment fads or hype. Do this, and you’ll be able to achieve your life goals.