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By:
Tiffany Gordon
through NCB Capital markets Ltd.
Successful
investors know that building wealth requires a
disciplined investment strategy. Creating a strategy
that encompasses your financial goals, risk tolerance
and time horizon is the key to enhancing the wealth
that you have created.
And there is no simple one size
fits all solution to growing wealth. A person
just starting out in their professional career
who wishes to buy a house in ten years can take
more risks in their investments than a retired
individual who wishes to balance portfolio growth
with capital preservation.
Investing
Strategy
Yet, regardless of where you are in your investing
life, your strategy most likely will include owning
stocks, bonds or mutual funds and will be guided
by the objectives you wish to achieve. It is considered
prudent to spread your investment across different
products in order to reduce risk and maximize
the returns on your portfolio. This diversification
allows your portfolio to perform more consistently
under a wide range of economic conditions. Of
course, spreading your funds across too broad
a spectrum of investments would actually reduce
your average returns. An experienced wealth advisor
can help you match your objectives to the right
investments.
To
read more pick up your copy at the nearest bookstore
or outlet
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