5 Steps to Smart Investing

It’s never too early to get started with a solid investment plan. These 5 steps will help put you on the path to financial freedom.
There are a few things in life where it pays to get professional help instead of attempting to do it yourself, and investing is one of them. Regardless of whether you’re investing for retirement, your child’s education or something else, a good financial advisor will find the right mix of investments while helping you avoid costly mistakes.
1
Start Now

It’s never too early to get started with a solid investment plan. The old saying, 'it takes money to make money,' is true—the sooner you start investing, the sooner your money can start earning and growing for you. 


2
Understand Common Investment Options

Many people think just of stocks when they consider investing, but a solid investment portfolio has a mix of different types of investments. Each offers a unique combination of risk and return.

Stocks

When you buy stocks, you become part owner in the company that issued the stock. The value of the stock goes up and down according to supply and demand. Since there is such a wide variety, stock investments give you the ability to diversify your portfolio by mixing different types.

Bonds

When you invest in bonds, you are loaning money to a company or government, and they pay you back with interest. The interest rate depends on who issued the bond and on how long you hold it. For example, U.S. Treasury bonds typically pay a lower interest than other options such as corporate bonds; bonds with shorter maturities also typically pay lower interest rates than longer term bonds. 

Mutual Funds

Mutual funds allow you to pool your money with other investors to purchase stocks, bonds and other securities; you then share in the gains and losses of the fund with the other investors. There are many kinds of mutual funds; some are general, and others are based on a set of specific investment strategies such as technology, small company stocks, or natural resources. 


3
Find the Right Mix

Smart investors never put all their investment eggs in the same basket; they spread their money out across different types of investments. The way in which you mix and match your investments among stocks, bonds and other options is called asset allocation, and holds the key to helping you reach your goals. For example, people who are young and saving for retirement often put more of their money into stocks, since they have time for their investments to grow. As they get closer to retirement, they typically want to take less risk with their money, which often make bonds a more attractive option. Asset allocation is one of the most important decisions you will make to help you reach your financial goals; it pays to have a professional advisor guide you along the way.


4
Get Help from a Professional

A financial advisor can help set an investment strategy that allows you to meet your goals. There’s a big difference between a financial advisor and a stock broker; a financial advisor looks at all your investments, not just stocks. They can even help you manage your investments, estate planning, and charitable giving in a tax-advantaged way.


5
Choose the Right Financial Advisor

When you choose a financial advisor, look for someone who…

  • Listens first and puts together a comprehensive plan and timeline—not just a list of investment options
  • Puts your goals at the top of the list and then designs a plan that matches your goals with your timeframe and your willingness to take risks
  • Takes time to walk you through your options and answer your questions
  • Will check in with you regularly to review and modify the plan over time

 


The right advisor puts you first

Financial planning can be complicated; it pays to get professional help. A good financial advisor will help you make smart, deliberate decisions about your financial future.

Alaska USA Financial Advisors have years of experience; they listen and take the time to answer your questions and explain your options. Like a big remodeling project, financial planning can be complicated; don’t try to do it yourself when you have resources available to you.

Schedule an appointment with an Alaska USA Financial Planning and Investment Services Advisor today!

 

Request an appointment with an advisor today

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Schedule a complimentary, no-obligation consultation with an Alaska USA Financial Planning and Investment Services Advisor. Let's get started!

 

*Representatives are registered, securities sold, advisory services offered through CUNA Brokerage Services, Inc. (CBSI), member FINRA/SIPC, a registered broker/dealer and investment advisor, D/B/A Alaska USA Financial Planning & Investment Services, which is not an affiliate of the credit union. CBSI is under contract with the financial institution to make securities available to members.  Not NCUA/NCUSIF/FDIC insured, May Lose Value, No Financial Institution Guarantee. Not a deposit of any financial institution. CUNA Brokerage Services, Inc. is a registered broker/dealer in all fifty States of the United States of America. FR-2957544.1-0220-0322 Exp. 03/18/2022

FR-2358952.1-1218-0121 Exp. 01/24/2021

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