Step 3: Identifying Your Investment Management Preferences

Determining how involved you want to be in the management of your portfolio plays a big role in narrowing what types of investments go into your portfolio. Do you desire to handpick securities as opposed to relying on investment professionals? Are there constraints on what you can invest in, such as the offerings available in your 401(k) plan? How much time do you have to devote to researching individual investments? Are there any tasks you need assistance with?

The answers to such questions will help you narrow the scope of potential investments. These answers allow you better define how your overall portfolio will be managed.

Course Outline:

Lesson 1: Identifying Your Investment Management Preferences

Lesson 2: Identifying the Impacts of Different Types of Accounts

Lesson 3: Identifying the Impacts of Additional Constraints

Lesson 4: Choosing Between Funds vs. Securities Based on Preferences

Lesson 5: Deciding Whether to Work with a Financial Professional

 

On-Demand Webinar:

Determining Your Investment Management Preferences

 

Worksheet:

Identifying Your Investment Management Preferences Worksheet