As we all know, asset allocation is the implementation of investing in different types of assets like stocks, bonds, cash, etc. It is a strategy that balances risk and reward, but it is primarily based on you, the investor. Before you even think about asset allocation, you should really have your financial goals and a timeline figured out, so you know what you're growing your money for and how you want your investments to work for you.
There are a lot of factors that go into this fundamental investment strategy, and in this episode, we're going to touch on them all. We will cover:
And more!
Asset allocation can be a challenging subject for many people because they just want to protect their money. And it truly can require a shift in mindset. Our goal is to help you get and stay on the right path so you can smoothly grow and enjoy your wealth. So, if you're struggling with a riskier allocation, find yourself trying to time the markets, or just want a refresher to make sure you're on the right track, then join us.
