We all know the feeling of committing to a major task or plan, and later coming to regret it. This is often the case with investing and asset management: It’s easy for motivated investors to say they’ll do it, but the reality is a lot more complicated.
You may have tried using online calculators or programs in the past but still find yourself confused about how much money needs to be saved for retirement or what kinds of insurance should be purchased.
The sheer number of investment options can make it seem complicated, especially since each has their own fee-structure, interest rates, and other highly-detailed criteria that you have to consider.
Plus, all of your investments may be affected in certain ways due to the economy and global events. Do you know how your favorite stocks are likely to perform in times of 8% inflation?
The simple answer: when you want to guarantee it’s done right
If you’re a finance genius in your spare time with enough time to do extensive research, go for it, but the fact is, most people aren’t. Taking on your own investment and retirement planning demands a lot of time, attention, and brain power if you do it alone.
While younger investors have more time to experiment and make mistakes with their investments, those closer to retirement age can’t afford setbacks. Investors in their 60’s need to make the right moves to ensure their nest egg is there when they need it.
Whether to undertake the task of allocating your assets yourself is a personal decision, but it’s crucial to understand how big a task it is. Know that you can avoid stress and hours of research by hiring a professional who thoroughly understands the market.
We Recommend a Strategic Approach to Your Asset Allocation
As an investor, you can’t afford to lose sight of the big picture. You need to understand your portfolio’s overall asset allocation and the strategic decisions that govern it, even as you make tactical adjustments.
By taking a strategic approach to asset allocation, you’ll be better able to pursue your financial goals while guarding against common pitfalls—like getting caught with too much of one asset class when its prices are plunging.
You don’t have to do it alone – connect with SGL Financial today.
With a team of professionals who provide a wide range of services, SGL Financial is the answer to your financial inquiries. Whether you need help planning your estate or managing taxes, assessing your risk or allocating your assets, we’re here to help.
Contact our team of financial advisors in Buffalo Grove, IL today via phone, email, or our contact form to set up an appointment, or visit our expansive collection of quick guides to learn more.