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How To Define Your Investment Strategy

Factors To Help Determine An Investment Strategy

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To help determine your investment strategy, consider the following:

  • Your life expectancy: Although a prognosis (prediction of life expectancy) is statistical and doesn't tell what will happen to any particular individual, it may be useful in helping to shape an investment strategy.
  • Your financial goals: What do you need your investments to accomplish? For example, are you saving for retirement, do you need immediate income, or both? To learn more, see: Your financial goals
  • The return you require: Generally, the more return you require from your investments, the riskier the investments. If the required degree of risk makes you uncomfortable, you might have to lower your expectations for the return on your investments.
  • How much you can save: If you don't have a fix on how much you can save, see Budget for assistance.
  • Your risk tolerance: Think about how much risk you are willing to bear. Would you be uncomfortable with large swings in the value of your portfolio, even if that meant a greater potential for growth in the long run? Keep in mind that if you have to access principal when you are not earning income, your potential to realize interest income decreases.

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