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Saving And Investing

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A quick run down of the differences between saving and investing and what products have more risk and therefore, more rate of return. Also briefly covers how you should choose a financial …

A quick run down of the differences between saving and investing and what products have more risk and therefore, more rate of return. Also briefly covers how you should choose a financial professional.

Published in Economy & Finance , Business
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  • 1. Making money sensetips and ideas to help your family prosper
    Saving and Investing
    1
    "A penny saved is a dollar earned." B. Franklin
  • 2. DIFFERENCES BETWEEN SAVING & INVESTING
    2
  • 3. ROAD MAP TO SAVING & INVESTING
    3
  • 4. DETERMINE RISK TOLERANCE
    4
    Three points to consider when determining your risk tolerance:
    When do you need the money?
    What are your goals?
    What can you live with?
  • 5. DIVERSIFICATION
    Definition: Reduction of risk by spreading investments across several products.
    5
  • 6. RISK AND RETURN
    6
    MORE
    MORE
    POTENTIAL RETURN
    RISK
    LESS
    LESS
  • 7. CHOOSING A FINANCIAL PROFESSIONAL
    Investment Advisors and Financial Planners
    Offer a variety of services at a variety of prices. It pays to comparison shop. Some offer a complete financial plan, assessing every aspect of your financial life and developing a detailed strategy for meeting your goals.
    7
  • 8. CHOOSING A FINANCIAL PROFESSIONAL – CONT.
    Brokers
    Generally do not give you a detailed financial plan. They make recommendations about specific investments like stocks, bonds, or mutual funds.
    In addition, they are usually paid commissions when you buy or sell securities through them.
    8
  • 9. MOST IMPORTANTLY
    Ask questions!
    You can never ask a dumb question about your investments and the people who help you choose them
    A helpful website to review before talking to an investment professional is http://www.sec.gov/investor/pubs/askquestions.htm
    9
  • 10. For more information:
    920.882.4800
    www.myprospera.com
    10
    For more great financial tips and news follow us on Twitter and facebook!
    http://twitter.com/MyProspera
    http://facebook.com/