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Accomplish Your Goals Through Intelligent Investing

February 28, 2012 | Comments: 0 | Views: 162

The ongoing success of many businesses rides on their ability to achieve the goals set out in their mission statement. In fact, upon entering many of these businesses, you can find a framed copy of their mission statement hanging on the wall. This teaches us a basic principle: setting and reaching viable goals leads to success.

The same holds true with investing. First, determine what you want to achieve. Then, set out to accomplish your goals through intelligent investing.

Know your risk tolerance. This will help you to choose your investments wisely. There are three basic investment styles: conservative, moderate, and aggressive.

The goal of the conservative investor is to at least protect their initial investment and to gain more if possible. Common stocks and bonds, short term money market accounts and interest earning savings account are common for conservative investors. The mindset of the moderate investor is to maintain a portion their initial investment while investing the rest in riskier investments. Aggressive investors tend to take higher risks. They tend to invest large sums of money in riskier ventures hoping to gain large returns in both their short-term and in their long-term investments.

Research the types of investing that interest you and familiarize yourself with the wide assortment of stocks available. There are also different indices of stocks such as the Dow Industrials, S&P 500 and NASDAQ 100. Using these indices lets you invest in a certain group of stocks instead of only one.

This may sound a bit overwhelming. To add perspective, think of a department store. There are numerous department stores to choose from. Within each store there are departments i.e. shoe, house wares, sporting goods, etc.

Within each department there are brands and styles to choose from. Knowing what item you want to buy, you can easily decide what store to go to and then quickly navigate your way through the store to the appropriate department and then buy the item that you need. The same holds true with investing.

Develop an investment scheme. An investment scheme is basically a plan for investing your money in the kinds of investments that will help you meet your financial goals in a specified time-frame. Intelligent investing involves setting a goal and following an investment scheme to reach your goal.

Consult a financial planner. A financial planner is a valuable asset as you begin to invest. He or she will help you to develop an investment scheme that incorporates your risk tolerance and your investment style.

Although there are no guarantees of success in investing, if you pursue it intelligently and carefully there is little to fear. Rather, work hard to increase your chances of success. Define your investing goals, know your risk tolerance, do your research, develop an investment scheme and consult a financial planner.

Start accomplishing your goals today, through intelligent investing. Put into practice the principle that many companies have found true: setting and reaching viable goals leads to success.

Though the use of intelligent investing, a good living can definitely be made in the stock market. The ebook "Intelligent Investing Beginner's Guide" can get you started in this fascinating and lucrative hobby/lifestyle. Ernie Reynolds is the owner of Self Help Ebooks Galore, a collection of self help books designed to improve and enhance the loves of common people.

Source: EzineArticles
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