• John St. Clair

4 Tips To Build A Successful Portfolio

Walking through the financial maze of investments, stocks, bonds and mutual funds can be quite a challenge today. Wynn Advisory Group offers the following tips to give you the know-how on building a profitable portfolio.

1. Know your goals. Consider how much money you’ll need for your children’s education or your retirement. Whatever your vision for the future might be, set your goals and develop a concrete plan for meeting them.

2. Define your investment time horizon. If you’re not planning on retiring anytime soon, you might want to have a portfolio that includes more long-term investments. If retirement is just around the corner, consider a more conservative approach. INVEST IN HEMP - FREE INVESTOR’S BOOKLET

3. Determine your risk tolerance. Figure out your risk comfort level and compare that with what you can afford. In general, the longer you have to invest, the bigger risk you can take.

4. Consult a professional. In order to avoid financial pitfalls later on, it is often wise to seek professional guidance when putting together a portfolio.

“Recent research shows that investors continue to grapple with some of the most basic investment concepts, suggesting a greater need for financial advice and guidance,” said John St. Clair, a certified financial planner.

To help investors meet their financial goals, Wynn Advisory Group has developed On Track Investing, a program designed to help investors build and maintain diversified investment portfolios – at no additional cost.

Combining educational tools, advice, market insight and investment products, On Track Investing helps investors develop a personal investment strategy, whether they are new to investing, seeking guidance but still want control over their investment mix, need help positioning their portfolios with a long-term perspective or need help understanding how the markets work. INVEST IN HEMP - FREE INVESTOR’S BOOKLET Investors May Not Be As Diversified As They Think

When more than 1 million college graduates entered the workforce last fall, they began the first of what could be seven job moves during a 40-year working career, according to the Bureau of Labor Statistics.

In fact, according to a recent study by Wynn Advisory Group, one-third of today’s new work force could be compiling a series of stand-alone retirement savings accounts, which may not be as diversified as they think.

With each job change, millions are faced with the increasingly challenging task of managing their workplace retirement savings accounts.

“As American workers continue to change jobs, our survey tells us that approximately 32 million have left behind retirement accounts with past employers,” said Marcus Wynn, president of Wynn Advisory Group.

“Our research also shows that 41 percent of investors with multiple retirement accounts believe that maintaining separate accounts makes for a more diversified portfolio. While Americans are more savvy about investing, many have lost sight of what ‘diversification’ really means -; spreading out money over different types of investments such as stocks, bonds and cash to manage risk -; which can’t be assured simply by having multiple accounts.” INVEST IN HEMP - FREE INVESTOR’S BOOKLET

In reviewing the portfolios of nearly half a million investors over the past year, Wynn Advisory Group found that many need to be reminded of three basic tenets for managing a diversified portfolio: Know what you own; know how much you’re paying; and know when it’s time to seek guidance.

Many investors who maintain multiple accounts don’t realize the makeup of their overall investments and may be heavily over weighted or under weighted in a specific type of investment sector or security.

Keeping accounts scattered not only creates additional paperwork, it can cost more when maintenance fees are assessed by multiple providers.

“Many investors are surprised to find that they are holding a variety of mutual funds with above-average expenses or paying more in fees by maintaining several smaller balance accounts,” Mr. Wynn said.

Managing and monitoring multiple accounts through numerous statements and Web sites can add increased layers of complexity for investors. In fact, nearly a quarter of those with multiple accounts reported trouble keeping track of them. INVEST IN HEMP - FREE INVESTOR’S BOOKLET