There’s no way to know the answer to that without reviewing your individual circumstances and financial goals. However, if you are investing too conservatively, it can have a profound effect on your long-term financial security.
How you should be investing depends on many factors, such as:
- How able are you to tolerate risk?
- How soon do you hope to achieve your financial goals?
- How much will you need to save for important goals such as retirement?
- What rate of return would you need to try to reach your goals?
- Is income, growth, or safety most important to you?
Answers to these questions can help you determine whether it’s a good idea for you to invest more aggressively.
Remember that the first step toward having a sound financial plan is becoming more knowledgeable about investing basics and understanding how they apply to you. You don’t have to become a financial expert to develop a solid investment plan. Even many highly paid executives are often uncertain when it comes to money questions. Don’t hesitate to seek out help from an investment professional.
If you have questions or need assistance, contact the experts at Henssler Financial:
- Experts Request Form
- Email: experts@henssler.com
- Phone: 770-429-9166
Disclosures: The following information is reprinted with permission from Forefield, a division of Broadridge Financial Solutions, Inc. The investments referenced within this article may currently be traded by Henssler Financial. All material presented is compiled from sources believed to be reliable and current, but accuracy cannot be guaranteed. The contents are intended for general information purposes only. Information provided should not be the sole basis in making any decisions and is not intended to replace the advice of a qualified professional, such as a tax consultant, insurance adviser or attorney. Although this material is designed to provide accurate and authoritative information with respect to the subject matter, it may not apply in all situations. Readers are urged to consult with their adviser concerning specific situations and questions. This is not to be construed as an offer to buy or sell any financial instruments. It is not our intention to state, indicate or imply in any manner that current or past results are indicative of future profitability or expectations. As with all investments, there are associated inherent risks. Please obtain and review all financial material carefully before investing. Henssler is not licensed to offer or sell insurance products, and this overview is not to be construed as an offer to purchase any insurance products.
