Ask a Money Mentor: Things to consider when investing
Editorial staff, J.P. Morgan Wealth Management
Investing your hard-earned money can be an intimidating process, so it’s important to consider a number of things and prepare yourself before you jump in. The first step in preparing to invest is to consider what you want to accomplish.
Are you preparing for retirement, a large purchase or sending a child through college? How you invest and what you choose to invest in depend heavily on your goals.
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Once you’ve established your objective, it’s time to consider other important factors, such as how long you wish to be invested and your time horizon. It’s also helpful to assess how much risk are you willing to tolerate and whether or not you are prepared to remain invested when markets become rocky.
Answering these questions will allow you to create a plan and stick with it, helping you to reach your desired goals. While all this may be done without help, it’s always wise to seek the guidance of an investment professional who can guide you through all of these decisions and help create a clear path to achieving your investment objectives.
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Editorial staff, J.P. Morgan Wealth Management
