Inflation can erode your savings if your money isn't profiting from interest or investments. To keep your funds growing, consider first how best to diversify and preserve your wealth.
You're probably familiar with the adage, "Work smarter, not harder." The same could be said for money. A smart investment strategy and some thoughtful planning are essential to maintaining and growing your wealth, both for now and in the future.
A well-proportioned, risk-balanced portfolio of investments is the best way to ensure that you're not missing out on potentially high returns, while still retaining something for a "rainy day." Everyone's financial forecast is different, but for many this means a broad diversification across asset classes.
Managing a portfolio is not for the weak of heart. Markets dip, plunge and spiral before correcting and stabilizing again. Real financial growth stems from thinking in terms of years, rather than days or weeks.
In wealth management, tax-aversion and tax-deferment can be crucial. Gift taxes, estate taxes and capital gains taxes, if not considered properly, can dip substantially into your assets. Many investors don't think beyond retirement accounts for tax savings. But anyone seeking to manage wealth should also consider annuities, education savings tools and municipal bonds.
It may be tempting to live off of dividends and interests. But for your wealth to continue growing, consider reinvesting your funds until you've reached a financial milestone. And then you can plan your next steps. In other words, a more active strategy may help you stay ahead of the game.
Alternative investments — any investments in asset types beyond the traditional three: stocks, bonds and cash — have become an increasingly common addition to investors’ portfolios.
We feel it’s important to have a regular financial checkup and evaluation just as it is with your personal health.
Using a variety of indicators, we can measure different types of risk for all types of investments.
A term for the way in which a person distributes investments into asset classes.
We look forward to helping you protect and manage your wealth. Give us a call, or complete the form and we will contact you.