Daily Archives: February 13, 2016

Building an Investment Strategy: 4 simple steps to get you started

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Building an Investment Strategy: 4 simple steps to get you started

Each one of us dreams of being wealthy, having a nest egg, and being secure for the rest of our lives. One way to build that wealth is to invest. Remember, dreams are good, but preparation is better. The journey of a thousand miles starts with a few steps, so if you want to start on the path to financial security, you’ll need a plan. When building an investment strategy, keep these five things in mind:

1 – Have a purpose:

We’ve spoken elsewhere about this: In order to be a successful investor, you need a purpose. Not a goal, a purpose. Understand what you want to achieve, then build milestones and goals that move you towards that purpose. Saying ‘I need 20k for a mortgage down payment’ is different than saying ‘I need to purchase a home.’ Likewise, saying ‘I want 50k in my IRA’ is different than ‘I want security for retirement.’ Continue reading

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