Southbourne Group Singapore, Tokyo Japan Nine DIY Financial Management Tips For Individual

Southbourne Group Singapore, Tokyo Japan: Nine DIY Financial
Management Tips For Individual Investors
They say you have to spend money to make money, and this is especially true when you're seeking financial guidance.
Financial advisors are well-paid for their in-depth expertise and often help their clients through decisions like investing,
retirement planning and long-term savings plans.
Although it's still wise to consult a professional before any major investments, you can educate yourself enough to
confidently make your own personal financial choices without the help of a professional. Nine members of the Forbes
Finance Council shared their best do-it-yourself tips for individual investors looking to better manage their finances.
1. Invest for the long term.
The lure of a quick buck can guide investors to make certain investing decisions. But, unless you're a day trader, a long-
term strategy is the best way to protect your assets while ensuring ROI in the long run. The market will fluctuate over
time, but history shows that it tends to go up in the long run, so looking to the future will keep an investment plan focused
and profitable. - Sari Holtz, DailyForex
2. Open a Roth IRA.
If you're just getting started with investing, a Roth IRA can be a great way to start. Since it is a tax-advantaged investment,
it allows your wealth to grow and compound tax-free. Your investments are initially taxed, so you can make withdrawals
tax-free in retirement. And, you will typically have access to a wider range of investment opportunities with a Roth IRA
than you would with a 401(k). - Elle Kaplan, LexION Capital
3. Don't follow fads.
I believe that everyone can be successful in managing their own finances as long as they are well-informed. A common
mistake I see individuals making is investing based on a trend or fad instead of research. Read everything you can get your
hands on, and question unproven assumptions. - Mahati Mukkamala, Klaviyo
4. Purchase indexed annuities.
Sold by insurance companies, indexed annuities offer a way to participate in stock market gains while limiting downside
risk. When the market is climbing, you'll share in the returns, but you'll be protected from losses by a guaranteed return