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INVESTMENTS: 1

INVESTMENTS: 1. DR. NEIDERMEYER. Steps for Building Wealth. Develop your personal profile. Develop an understanding of investment vehicles. Develop an understanding of financial markets and concepts. Formulate an investment strategy. Implement your strategy.

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INVESTMENTS: 1

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  1. INVESTMENTS: 1 DR. NEIDERMEYER

  2. Steps for Building Wealth • Develop your personal profile. • Develop an understanding of investment vehicles. • Develop an understanding of financial markets and concepts. • Formulate an investment strategy. • Implement your strategy. • Monitor performance and refocus.

  3. Develop your Personal Profile • Perform a Personal Checkup: • Establish a working budget with an acceptable safety net. • Establish an emergency fund. • Provide adequate insurance protection. • Have access to other sources of funds beyond your emergency deposits. • Establish your investment goals. • Have a plan to obtain necessary funds. • Assess your personal characteristics.

  4. Establish a Working Budget • Review your present spending and develop a future spending plan which will provide for your NEEDS and allow monies for investment .

  5. Establish an Emergency Fund • A uniform planning suggestion is for the accumulation and conservative deposit of three to six months’ net income in an emergency fund known as “Peace of Mind Money!”

  6. Provide adequate insurance protection • Review your risks and assure yourself that sufficient coverage is in place to make you financially whole if losses are experienced.

  7. Have backup funds available • Establish a source of additional funds, beyond your emergency fund, to have as a reserve if a pronounced need for monies occurs.

  8. Establish your Investment Goals • Select or blend these orientations: • Current income • Funding for major expenditures • Funds for Retirement • Shelter from Taxes

  9. Have a plan to obtain funds • Pay yourself first each payday. • Participate in an elective savings plan. • Make special efforts two months each year. • Save gifts, raises, inheritances, etc.

  10. Assess your Characteristics • Your time horizon. • Your priorities. • Your willingness to assume risk. • Your age • Career / family situation • Need for liquidity • Portfolio size • Risk tolerance • Required rate of return • Income/Tax bracket

  11. Assessment Vehicles • Risk: Please take the risk quiz (Word document) • Asset Allocation priorities: Please complete the Asset Allocation questionnaire (Excel worksheet)

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