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Align Your Goals: Ensure that your investment goals align with your current life stage. For instance, growth-focused goals may be inappropriate for individuals nearing retirement who may require stability.
Diversify Your Portfolio: Maintain a balanced portfolio across various asset classes, sectors, and regions to mitigate risk and avoid significant losses from single investments.
Control Your Costs: Optimal returns rely on keeping investment costs low. It’s essential to be mindful of fees associated with managing investments, including those incurred when working with a financial advisor.