Develop An Investment Plan
Knowing where you want to go is one thing. Mapping the path to
get there is another entirely. In today's environment, having an
investment plan is essential. It helps to keep you on track, remain
disciplined and stay focused on your long-terms goals.
Part of a successful investment plan includes the following:
- Identify and prioritize your goals - these may include entrepreneurial
ventures, education, home purchase or retirement.
- Determine your time horizon - each goal normally has a specific
timeline for when money is required. Conservative investments
complement short time horizons while equities are more appropriate
for longer term goals (more than 10 years).
- Determine your risk tolerance
- defining your comfort level with risk helps to determine the
mix of cash, fixed-income and equities that is right for your
portfolio.
- Understand
the investments within your existing portfolio - knowing what
you currently own enables you to determine whether you need to
make portfolio adjustments to achieve your long term goals.
- Determine where to
invest next - once you've built a strong foundation for your
portfolio, you can work with your advisor to understand how trends
and market events should shape your investment decisions.
To learn more about developing an investment plan, please continue by choosing one of the following
topics:
To learn more about individual RBC Funds and how they can address
your investment objectives, access our Fund Updates. If you are ready to invest now, contact your advisor
or explore the options available
to invest with RBC Financial Group.
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