Why Should I Invest

BY: Glen E. Wright, II, CFP, AIF
CEO, Worth Advisors

In my 20+ years in the financial industry, I have learned that investments can seem intimidating, particularly for women. Investing in your future is the equivalent of investing in yourself – and vice versa. Think of investing as creating multiple streams of income for your household. It’s a process that does not require additional work from you.

Here are some basic questions to ask yourself and to discuss with your financial planner when you are considering investment strategies:

  • Why am I investing?
  • Do I need current income, or am I saving toward my future accumulation goals?
  • When will the money I plan to invest be needed?
  • How much risk am I willing to take?
  • Am I a conservative investor or an aggressive investor?
  • Can I lose all or part of my investment fund and not have my standard of living affected?
  • Are income taxes a concern for me?
  • Will my investments change my overall tax status?
  • Do I have enough knowledge, information and skill to make wise investment decisions?
  • How much do I have to invest?
  • Do I have a good investment plan, or do I have access to a good financial planner?

“If knowledge is power, then what you don’t know can be devastating.” Many of us hear important information every day, but we fail to retain it. Not only is it important to have knowledge, but it is also important to be aware of what you don’t know – and then be willing to learn so that no one can take advantage of you or your financial situation.

 

As a Certified Financial Planner, Accredited Investment Fiduciary and Investment Advisor Representative, Glen E. Wright, II is a Top of the Table member of the Million Dollar Round Table, an exclusive honor achieved by only the top one percent of all financial advisors worldwide. A published author (The Financial Shepherd: Why Dollars + Change = Sense) and notable speaker, Glen is passionate about philanthropy and actively gives back to the local communities in which Worth Financial operate.

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