Welcome to Day 4 of my 12 days of Change to Ignite the New Year Event
Feb 1st is when I will announce the Grand Prize drawing winner who will choose between a $25 Amazon Gift Card or a Starbuck’s $25 Gift Card. To sweeten the deal even more I’m including a downloadable copy of my ebook, Journey to Wealth: A Practical and Mindful Approach to Growing and Sustaining Your Financial Well-Being.
“The time of maximum pessimism is the best time to buy and
the time of maximum optimism is the best time to sell.”
-John Templeton
Today’s Life Learning Wealth & Well Being Tip: Your financial goals change at different stages of life and you must decide if you are investing for the short or long term. Choose investment strategies that are appropriate for your lifestyle and fit into the dreams you have for the future. A new investor starting out in life has different objectives than one who is now retired after working his or her whole life. Know how many years you have to invest and be clear on what goals you are trying to attain through investing.
To achieve wealth in the stock market you need to develop an investment plan which includes a mix of equities and bonds in order to manage risk. Risk is the potential loss you can have on an investment. Some investments are more uncertain than others.
A simple and quick way to decide how much to invest is by your age (the older you are the more bonds in your portfolio) to determine equity. For example, if you are 30 years old then that translates to 30% bonds; therefore you will need 70% equity. If you are age 50, then a good investment mix would be 50% bonds and 50 % equity. (note: this is one calculation of many used and future results cannot be guaranteed).
There are periods in life when taking risks is warranted but other phases in life when it is best to be extremely careful with your finances. Evaluate your risk level so you know whether to have an aggressive investment style or a more conservative investment style. In the long run, having investments with low volatility as part of your portfolio will be the most consistent way for you to make the most money. Do you really want to have investments that are too aggressive and keep you up at night? If you are losing sleep then these are not the correct investments for you. Consider altering your portfolio by making a small change at a time. No need to change everything all at once. Decrease in phases to give yourself more peace of mind and less stress, so can be more comfortable with your investment situation.
It’s important to make the best investing decisions for you and your family. Doing so will help you avoid some mistakes and become a better trader/investor on your Journey to Wealth.
I have one free offer for you. An audio recording interview that I had with Sheri Kay Hoff for the Be Free Be Happy Expo.
Be sure to visit my blog or FB page to have your comments count for the drawing.
Warmest,
Bonnie
To discover how to achieve your financial dreams click here
Visit www.BGJourneyToWealth.com for more insights to growing your wealth!
Bonnie Gortler (@optiongirl) is a successful stock market guru whois passionate about teaching others about social media, weight loss and wealth. Over her 30-year corporate career, she has been instrumental in managing multi-million dollar client portfolios within a top rated investment firm. Bonnie is a uniquely multi-talented woman who believes that honesty, loyalty and perseverance are the keys to success. You will constantly find her displaying these beliefs due to her winning spirit and ‘You Can Do It’ attitude. Bonnie is a huge sports fan that has successfully lost over 70 pounds by applying the many lessons learned through her ongoing commitment toward personal growth and development while continually encouraging others to reach their goals & dreams. It is within her latest book project, “Journey to Wealth”, where Bonnie has made it her mission to help everyone learn the steps needed to gain sustainable wealth and personal prosperity. Order your copy of ”Journey to Wealth” today!
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