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Clarity Financial - A Columbia, MO fee-only financial advisor — Astute Financial Considerations not Dependent on Portfolio Size

Astute Financial Considerations not Dependent on Portfolio Size

Regardless of whether you’re investing $5,000 or $50 million dollars, there are four things you should always remember before going into an investment.

Be aware of investment costs.

Staying cognizant of the various fees attached to your investment helps you make the most of your money. When you’re working with an adviser on these investments, ask questions – how much money will you have at the end of the year if your investment returns zero percent?

Know the risks associated with your investments.

For each opportunity for an investment to have an increased return, there’s also an opportunity for greater risk.

Ask your adviser the hard questions.

Find out if your adviser truly has your best interest at heart. See if they’re fee-only, or if not, how do they make their income from financial planning. Is their guidance going to make them money but lead you to a financial spot that isn’t the best it could be?

Keep your portfolio diversified.

Having a portfolio that’s diversified helps make sure you’re not concentrating on one big investment.

Want to know more? Read our full article in Columbia Daily Tribune.

As a financial planner specializing in comprehensive financial planning, Tim enjoys helping clients in Columbia, MO with managing their taxes, financial risks and other financial issues.

If you would like to learn more about this and other personal financial planning topics serviced by Clarity Financial please contact us at 573-447-7007. Clarity Financial, LLC is a fee-only financial advisory firm in Columbia, MO. Appointments are welcome and initial consultations are free. 

Certified Financial Planner™ professional

Member of the Alliance of Comprehensive Planners

Member of the National Association of Personal Financial Advisors

Enrolled Agent designation from the IRS

This article is the property of Clarity Financial LLC.