Investment Services
Investments
When you stop and think about it, you've been making investments your whole life. Some have paid off in rather expected ways. Some better than you would have ever imagined. Some in achingly wonderful ways. Some in ways that pleased you, and some that may have left you wishing for a reset button—i.e., experiencing the ups and downs in the financial market.
Investing your financial assets wisely is not always cut and dry. When you invest in a financial advisor, you're investing more than just your hard earned income. You're investing in a partnership, a copilot, who will help you navigate the myriad of choices you face. With a professional monitoring and managing your investments, you'll have time to invest in the things that count.
Why Invest?
Fundamentals of investing
The decision to invest is an acknowledgement that it comes with certain risks. Not all investments will do well and some may lose money. However, without risk, there would be no opportunity to potentially earn the higher returns that can help you grow your wealth.
To manage investment risk, consider maintaining a broad diversification of your investments that reflects your personal risk tolerance, time horizon, and the nature of your financial goal.
Investing can be complicated. Let us help guide you on your wealth-building journey.
Four reasons why you should invest
Make money on your money
You might not have a hundred million dollars to invest, but that doesn’t mean your money can’t share in the same opportunities available to others. You work hard for your money; make sure your money works hard for you.
Achieve self-determination and independence
When you build wealth, you may be in a better position to pursue the lifestyle you want. Your life can become one of possibilities rather than one of limitations.
Leave a legacy to your heirs
The wealth you pass to the next generation can have a profound impact on your heirs, providing educational opportunities, the capital to start a business, or financial support to your grandchildren.
Support causes important to you
Wealth can be an important tool for impacting the world in a meaningful way. So whether your passion is the environment, the arts, or human welfare, you can use your wealth to affect positive changes in your community or around the world.
Investment Principles
5 smart investing principals
When it comes to pursuing your investment goals, there are a few smart investing principals that we believe are critical to understand:
- Estimate your time horizon
- Know your risk profile
- Diversify, Diversify, Diversify
- Consider taxes & inflation
- Get started now
Having a solid understanding of these smart investment principles can make your investment efforts much more effective. But it doesn't end there. Effective investing requires an ongoing effort. And there's a lot more to know.
Your time horizon
Is your investment horizon three years or thirty years from now? Estimating your time horizon is a critical building block in selecting the appropriate investments your portfolio. Investing for the short, mid, or long term may dictate whether you take on a more conservative or aggressive investing approach.
Your risk profile
What happens to my outlook if the value of my investment drops? How much could I lose and stay in the market? How would I describe my investment knowledge? Knowing your risk tolerance and understanding how the market works is imperative in order to make prudent investment decisions.
Taxes & inflation
The effects of taxes and inflation are silent thieves that should be considered when evaluating your investment return. The return on your investment before taxes may be different than your return after taxes. In addition, over the long term, inflation erodes the purchasing power of your income and wealth.
Investment Strategies
5 smart investing strategies
With thousands of investment choices, theories, and strategies out there—the amount of information can be overwhelming.
At Legacy Planning Group, our team attempts simplify the investment process. While there is much to learn, understanding a few sound strategies could help improve your portfolio's long-term results:
- Don't time the market
- Asset allocation
- Investment selection
- Dollar-cost averaging
- Rebalance your portfolio
All investing involves risk including loss of principal. No strategy assures success or protects against loss.
There is no guarantee that a diversified portfolio will have overall returns or outperform a non-diversified portfolio. Diversification does not protect against market risk.
Re balancing a portfolio may cause investors to incur tax liabilities and/or transaction costs and does not assure a profit or protect against a loss.
Asset allocation does not ensure a profit or protect against a loss.
Dollar cost averaging involves continuous investment in securities regardless of fluctuation in price levels of such securities. An investor should consider their ability to continue purchasing through fluctuating price levels. Such a plan does not assure a profit and does not protect against loss in declining markets.