4 Tips For Building A Successful Portfolio

By Johnny Lee

Browsing through the financial maze of stocks, bonds and mutual funds can be a challenge. American Century Investments offers the following tips to give you the guide on building a profitable portfolio.

1. Know your objectives. 

Consider how much money you need for your children's education or your retirement. Whatever your vision of the future could be, set goals and develop a concrete plan to achieve it.

2. Define your investment in the future. 

If you are not planning to retire soon, you should have a portfolio that includes major investments in the long term. If retirement is just around the corner, consider a more cautious approach.
 

3. Determine your risk tolerance. 

Determine your tolerance for risk and compare it to what you can afford. In general, the greater the need to invest, the more you can take risks.

4. Consult a professional. 

In order to avoid financial pitfalls later, it is often wise to seek professional guidance in putting together the portfolio.

"Recent studies show that investors continue to take some of the most basic investment concepts, suggesting a greater need for financial advice and guidance," said Doug Lockwood, a Certified Financial Planner.

To help investors achieve their financial goals, American Century Investments has developed a program designed to help investors build and maintain diversified portfolios - at no additional cost.

This program is a combination of educational tools, advice, products, market knowledge and investment; the investment plan helps investors develop a personal investment. This plan is suitable for you if you are new to investing, looking for advice, but still want control of your combination investment and need help positioning your portfolios with a long term or if you need help understanding how markets work.

Exposed! Financial News Media Is Wasting Your Money!

Due to the advancement in communications we have today, as the internet, financial newspapers and television channels focused on investing like CNBC are means of high-speed information-filled talk nonsense. All these sources are indications that there is no shortage of media people trying to answer our questions about the stock market and especially on stocks. You have to remember that the news media are constantly competing to survive against other channels, which you may or may not see. If they do not hear like they know exactly what is happening or what is in fashion, then you stop seeing your presentations. If you do not tune their exhibition schedule then their rates go down. If your rates have fallen they are fired and the presentation is canceled.