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.
* 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.
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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