|Lesson 7 Choosing the Right Investment|
Like every investor, you want to choose investments that will provide the growth and income you need to meet your financial goals. To do that, it’s important to understand what your investment choices are and how different types of investments put your money to work.
It’s equally important to understand yourself as an investor. That’s because a portfolio that’s right for someone else may not be best for you. The factors that make a difference are:
Once you’ve devised a strategy for choosing investments appropriate
to each of your goals, you’ve taken a major step toward meeting
them. But building your portfolio is just the first part of the
process. You may also find that as your life circumstances or
priorities evolve, or as a major goal approaches, that you need to
change the mix of investments in your portfolio. That’s all part of
being an investor.
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