Money Management Advice

Written by Jessica Duquette
Bookmark and Share

Whether you are just now beginning to plan for your future and retirement or you're a weathered businessman well versed in the ways of the NYSE, you've come to this page looking for advice. Not just any advice, but good money management advice.

Good money management advice is hard to come by. Maybe a colleague at work referred you to financial advisor. Or, a family member gave you a 950 page investment book and claimed it had the answers to proper retirement. Either way, you're still looking for money management advice, and I believe you have come to the right place.

Asset Allocation

The first step is to learn how to distribute your investments and to apply the basic concept of asset allocation to your portfolio. Whether you are a father of five or a single, mid-20s entrepreneur, your investments should reflect your susceptibility to risk. Investing money is a personalized matter, and with it comes individual results.

So what works for one person may not necessarily work for you. For this reason, it is crucial that whatever the depth of investment you choose, be sure to enlist the help of an advisor with proven money management advice. Stocks are risky - your advice doesn't have to be.

First Timers

If you're a first time investor, you may be a little unclear about your options and your level of involvement. Don't feel that you need to invest the entire piggy bank that you've been hoarding since you were five years old. Start off slow. Invest in one or two stocks and see how well your money does. From there you can branch off into more stocks, bonds or maybe even mutual funds.

What are your goals? What do you hope to get out of your investments? Financial freedom, early retirement, the ability to leave money behind for your children are all reasons why people seek money management advice. With the right advisor the benefits mentioned above are a real possibility.

Seasoned Investors

If you're a seasoned investor looking to put a little more money in your retirement fund, it's a good idea to have your portfolio looked at every six months. This allows you to reevaluate your goals or even redistribute your investments.


Bookmark and Share