Tips For Building Your Investment Portfolio

American Investment Planners LLC

500 North Broadway, Suite 260, Jericho, NY 11753

(516) 932-5130 / (866) 932-5130

In any conversation you've had or in any piece of literature you've read regarding investments or any type of financial planning, we bet you've heard the term "portfolio" at least once. But like many other financial planning terms and concepts, you may be a bit unfamiliar with what it means and what it entails. To start, your portfolio is all of the investments held by you - it can also be all of the investments held by a mutual fund.

So how do you build one? While you should work with a financial planner like ourselves to ensure you're making the right decisions, there are a few things you should know before diving into it:

Be realistic: Most importantly, you need to be realistic about how much you need to save, how much you can save, and how much you're willing to risk. Furthermore, you also need to be realistic with the goals you set - we all like to aim high in a short amount of time, but if you aren't realistic and honest  with yourself from the start, you may be disappointed if you don't experience immediate success.

Focus on the future: Avoid getting stuck in a routine where you check your investments on a daily basis. It is extremely important to realize that the markets can fluctuate at any given moment, and you're more likely to see that when you focus on the day-to-day. To keep yourself from feeling discouraged, wait for a longer period of time before you do any checking in.

Make it diverse: Diversification is key for any investor. By definition, diversification refers to the act of investing in different companies, industries or asset classes to minimize your overall risk. Of course this won't guarantee against any loses, but having your hand in a number of investments rather than the same one can help make your risk more manageable.

When you feel ready to build an investment portfolio, put yourself one step ahead of the game and contact us first. When you work with a financial planner from American Investment Planners LLC, you can rest assured knowing that the decision(s) you make and the plan you create is done in a well thought out way for your benefit.

To get started on your investment portfolio, please give us a call at (516) 932-5130.