Financial Advice on Mutual Funds

Financial Advice on Mutual Funds

 

Walking through the financial maze of stocks, bonds, and mutual funds can be quite a challenge. American Century Investments offers the following tips to give you the know-how on building a profitable portfolio. Click here to learn about the differences between elss and ppf.

 

* Know your goals. Considerhow much moneyyou’ll need for your children’s education or your retirement. Whatever your vision for the future might be, set your goals and develop a concrete plan for meeting them.

 

·        Tax Planning

·        Retirement Planning

·        Stocks – MoneyUncle

 

* Define your investment time horizon. If you’re not planning on retiring anytimesoon, you might want to have a portfolio that includes more long-term investments. If retirement is just around the corner, consider a more conservative approach.

 

* Determine your risk tolerance. Figure out your risk comfortlevel and comparethat with what youcan afford. In general, the longer you have to invest, the bigger the risk you can take.

 

* Consult a professional. In order to avoid financial pitfalls, later on, it is often wise to seek professional guidance when putting together a portfolio.

 

“Recent research shows that investors continue to grapple with some of the most basic investment concepts, suggesting a greater need for financial advice and guidance,” said Doug Lockwood, a certified financial planner.

 

To help investors meet their financialgoals, American CenturyInvestments has developedOn Plan Investing, a program designedto help investorsbuild and maintaindiversified investment portfolios – at no additional cost.

 

Looking for a life insurance policy, click here to check out our review of the lic jeevan anand policy.

 

Combining educational tools, advice, market insight, and investment products, On Plan Investing helps investors develop a personal investment strategy, whether they are new to investing, seeking guidance but still want control over their investment mix, need help positioning their portfolios with a long-term perspective or need help understanding how the markets work.

 

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