Wealth building is an art, and when it comes to investing hard-earned money, one should not simply rush into it. It is a slow and steady endeavor that you need to plan well and take one step at a time to make the best move. Before making any investment, one should always try to seek some professional advice from experts who are well-versed in investment consulting. It is not wise to follow all the advice of friends and others as their needs and priorities may be different than yours.
Robert Nico Martinelli is the CCO and Managing Member of Guardian Wealth Management LLC, which is a privately owned US company in Scottsdale, AZ. They offer investment advice to individuals and corporates. He is also a sports enthusiast fond of cross country, basketball, track, and fields events.
In terms of beginning the investments, Robert suggests that you may consult an expert, reliable consultant who will help to manage your investment portfolio based on your needs and financial goals. If you are a married person, then your financial goals may not be the same as a single professional. Risk factors need to be considered, and it is very important that you work closely with a wealth-building expert to advise you on making the right investment choices.
To succeed in investment, one should set futuristic goals. You must plan your investments well in advance, which helps you to keep aside some money from the very beginning itself for the future. Even when you are at your college and start with an investment, you can go ahead and do that. For this, you have to choose the investments wisely and can set automatic debits from your bank account to different investment buckets so that you can be focused on the core activities of life, and the investment will happen in the background in an automated way.
Understand investment terms
Once you decide to invest for the future, you should take time to understand various investment avenues and the terminology related to the investment market. Beginners must try to learn about mutual funds, stocks, bonds, commodities, deposit certificates, etc. Some other details you should also understand in-depth are the optimization of an investment portfolio, diversification of investment, market performance of various investments, etc. While planning investments, you may not just pay attention to the market performance only but should also try to emphasize the percentage of savings you make each month to meet the long-term goals. Check only credible resources online and take the experts’ advice before you choose any form of wealth-building.
The financial market and investment sectors are highly volatile, and you should be open to accepting certain levels of risk. There are high-risk, moderate, and low-risk investments, but there is a certain degree of risk associated with whichever model you choose. So, you must be aware of all the risks involved by carefully going through the terms and conditions of all the investment models. The value of your investments may appreciate or depreciate at any point in time. So, Robert Nico Martinelli points out the importance of doing a close analysis of your risk tolerance, i.e., the maximum loss you can afford in terms of a fall in the overall value of your investment to decide which risk model to take.
