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(903) 455-1041     3101 Joe Ramsey Blvd. Suite 107, Greenville, TX 75401

Financial Lifestyle Management Greenville Texas – Vicki Ward

Financial Lifestyle Management Greenville Texas - Vicki Ward

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What is my future value worth today?

Greenville, Texas Financial Advisor

Do you want to invest in the stock market? Take a look at these suggestions.

Before you invest in the stock market, keep in mind that trends change in the blink of an eye, so if you hear a bad buzz about the stock market, it could also turn into positive news in the next market cycle.

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Some tips regarding investing:

  • It is critical to be debt-free before investing. Even if you have to live in squalor for a few months, you must pay off your obligations in order to increase your net worth, which is the sum of your assets minus your liabilities (debt is a liability).
  • Establish your investment objectives so that you can make decisions based on a set of rules. The goal should include information such as where you are investing, how much you should save each month, and how to adjust your investments if necessary.
  • Without listening to others tell you it’s the next big thing, believe what you’re investing in. Before you spend your hard-earned money, you must comprehend and be certain of what you are getting into.
  • A financial advisor can assist you in identifying profitable assets and accurately analyzing market trends. You will get a lot of helpful knowledge that will prove to be lucrative in the future because an advisor has previously experienced the ups and downs of the stock market.
  • Investments cannot be held in a single company; they must be diversified over numerous. Because your money is invested in a collection of stocks based on the fund’s stated aim, mutual funds are the simplest type of diversified investments. This is when asset allocation comes into play. You should put 25% of your money into mutual funds that specialize on growth, growth & income, international, and aggressive growth. As time goes on, you’ll need to rebalance your portfolio to keep this allocation.
  • Investments should be made for the long term, whether they are in the stock market or mutual funds, because the market can vary at any time, and if prices fall, you must give the market time to recover. It’s a no-no to sell your investments while they’re at a low point.
  • Pre-tax money for retirement can be put into a 401k plan, which is offered by most businesses nowadays and will match your contributions up to a certain amount. You can easily rollover your 401k plan if you move employment.

Once you’ve mastered the fundamentals, just be patient and familiarize yourself with the market’s ins and outs before taking the plunge.

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Call: (903) 455-1041

Vicki Ward CFP®
Financial Lifestyle Management

3101 Joe Ramsey Blvd. Suite #107
Greenville, TX 75401

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