Feeling confident in your investing strategy now – and down the road
(NC) With all the factors to consider when it comes to choosing an investing strategy, not all investors are settled on their approach and some are still searching for what suits them best. Things like personal risk tolerance and economic conditions can impact what approach investors choose, and for some, it can bring a sense of uncertainty on what lies ahead.
The good news, according to the TD Investor Insights Index, is that many Canadian investors feel optimistic about both their personal investment portfolio and the Canadian economy. In fact, 41 per cent of Canadians polled anticipate an improvement in their investments within the next 12 months. Past market performance could be a good reason for this bright outlook; however the general sense of optimism is still apparent even among investors who experienced losses this year.
"For investors who are feeling optimistic and want to get off the sidelines, there are many options available to fit within your goals and strategies," said Kim Parlee, Vice President, TD Wealth. "Keep in mind that understanding the different investment vehicles, from guaranteed income products, to riskier options that may yield greater returns, is an essential part of building a balanced portfolio suited to your situation and risk tolerance."
Parlee suggests meeting with an advisor who can help you:
Determine the right asset allocation for your risk tolerance, time horizon and objectives.
Ensure your investments are structured tax-efficiently.
Incorporate a long-term view on your goals and challenges specific to your unique situation.
“Your investments are just one part of your overall financial plan. No matter what investment approach you feel comfortable with, it's important to integrate your values into an all-inclusive strategy to help achieve your personal and family goals,” Parlee adds.
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