| When it comes to planning your financial | | | | tied up in mutual funds and other money tied up |
| retirement diversity really is the key to turning a | | | | in real estate, which can provide some form of |
| significant profit. You do not want to have all your | | | | continuous income month after month. I'm not |
| eggs in one basket. | | | | much of a gambler however and have chosen a |
| For this reason it is an excellent idea to have a | | | | low risk path to retirement financing and funding. |
| number of fingers in a number of pies, financially | | | | There are those who are far more adventurous |
| speaking of course, at any given time. There | | | | than I when it comes to investing in their financial |
| happen to be a lot of interpretations, | | | | futures. For those of you who are willing to take |
| unfortunately, of what it means to truly diversify | | | | the risks there are securities as an investment in |
| your investment portfolio. | | | | order to provide a wildly speculative ride. |
| There are those who believe that to diversify | | | | Securities are very risky for investors; particularly |
| your portfolio you only need to choose stocks in | | | | those who are novices and even some seasoned |
| various sectors rather than focusing on one. This | | | | investment veterans tend to shy away from this |
| was a huge problem when the Dot Com boom | | | | sort of investment. If you do invest in securities, I |
| went Dot Bust. Many people learned valuable | | | | strongly urge you not to risk your entire |
| lessons during this time frame and have taken it a | | | | investment on them. |
| little bit to heart. | | | | Mutual funds provide a little safer bet when it |
| However, there is nothing to say that we will | | | | comes to your financial future. Again there are no |
| never again experience a significant stock market | | | | guarantees but these are much safer bet than |
| crash. If this were to happen and your entire | | | | securities. |
| retirement hopes, dreams, and funds rested on | | | | The problem with mutual funds for many is that |
| the stock market for salvation you would be in | | | | there are so many from which to choose that it |
| deep and shark infested waters financially as a | | | | is still a difficult decision for beginning investors to |
| result. | | | | make. These decisions are the reason that a |
| I do not mean to imply that a stock market | | | | good financial advisor is so terribly important when |
| crash is probable or imminent by any means. The | | | | mapping out your financial destiny. |
| closest we've come as a nation to a stock | | | | All in one funds are essentially collections of |
| market crash in recent memory was immediately | | | | mutual funds. These provide a safe bet for those |
| after 9-11. The good news is that safeguards | | | | who wish to find an easy investment possibility |
| were put into place years ago to prevent a crash | | | | that is a fairly safe (if not wildly conservative) to |
| of the scale that we all know as "The Crash". | | | | place your money and watch it slowly grow over |
| This means that while you may take heavy hits, | | | | time. All in one funds do tend to become less |
| chances are the market will recover if you are | | | | aggressive in time. |
| willing and able to wait it out. However, if you are | | | | This means that as you age, they will become |
| putting yourself in a position to rely solely on | | | | more conservative in the placement in your |
| stocks you need to take a serious look at your | | | | money in an effort to best protect it while still |
| overall investment plan and see where changes | | | | growing your money. |
| can be made. | | | | By placing a little of your money in many different |
| It goes without saying that no decision in regards | | | | places, you will see a much greater safety net |
| to your financial future should be made without | | | | when it comes to protecting your profits. Discuss |
| first discussing them with your financial advisor. | | | | your plans with your financial advisor and any |
| My purpose here is to bring up questions and | | | | concerns that you may have. Chances are they |
| ideas you might wish to consider or at the very | | | | can help clear up any questions or doubts that |
| least discuss with your advisor. | | | | you may have. |
| My personal preference is to have some money | | | | |