Step 1 – Establish Your Financial Goals
Establishing your financial goals is always the first step in developing a long-term investment plan. Your investment goals should take into consideration both your short-term and long-term growth and income needs. Additional areas of consideration include the amount of money you currently have saved, how much risk you are willing to assume to achieve your goals, and your overall time horizon for reaching your goals.
Strategic Wealth Management
While it will be important to maintain a disciplined approach to investing your portfolio, it will also be important to maintain some level of flexibility to make adjustments should your needs change, or as you get closer to achieving your financial goals.