For every investor, a key to your investment strategy is considering your future financial needs. Aside from managing your money and anticipating future needs, your investment portfolio should be developed to reflect those anticipated needs. How you develop your investment portfolio depends a great deal upon many individual needs and characteristics, and while no strategy is a sound strategy for all, there are some basic ideas upon which you should base your investment decisions.
Get quick answers to your annuity questions: Call 800-872-6684 (9-5 EST)
For example, what are your assets? Assets include cash, insurance holdings, and tangible assets such as your home, car, or boat. In contrast, what are your liabilities? For example, how much debt do you have? What loans have you taken out to fund your lifestyle? Before making investment decisions for your future, it is important to have a clear understanding of your financial situation in the present.
Second, let your current and future income projections influence your investment strategy. Consider not only your employment earnings, but also interest and future expected inheritances. Finally, consider the material goods you plan to purchase in the coming years, such as a new home.
Once you have an idea of the above factors, your investment strategy will hinge on factors such as your age. For example, if you are younger, you are looking more for accumulation of wealth from your investments versus the longevity of your current wealth. As you age, you will want to make investments with less risk. Greater risk typically means a higher investment yield, so look for age-appropriate investments.
I contacted Immediate Annuities.com to buy one of my immediate annuities. They were prompt, very responsive, paid attention to detail, understood my objectives, and were superb when it came to staying on top of seeing the funds transfer and issue of new policy documents through to completion.