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The Do’s and Don’ts of Successful Asset Management

The Do’s and Don’ts of Successful Asset Management


Being a successful investor means that your assets have enough room to breathe. Finding this space, however, is a complicated matter. There are many elements that need to be accounted for, such as your investment time horizon, long-term goals, risk tolerance, as well as other circumstances unique to you. A great deal of thought must be put into projections of various scenarios that your portfolio may encounter over its investment lifetime. No doubt, if a keen investor is hoping to stretch their assets in a practical, sustainable way, a lot of minute elements need to be constantly accounted for.

The question of how to effectively manage one’s portfolio does not have a simple answer and will largely depend on your individual needs. Furthermore, a keen interest in, and knowledge of, the markets is essential.  This is not an easy task, which is why services provided by wealth management professionals – like the platform offered by Wealth Management Canada – will put you in touch with wealth management companies that understand the importance of protecting and growing your capital.

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In order to learn and grow as an investor, you need to surround yourself with individuals whose knowledge and experience you can draw from; this is precisely where investment counseling services come in handy. Wealth Management Canada’s reputable platform will not only set you up with professionals who are knowledgeable and experienced, they will put you in touch with investment companies who help you achieve your financial needs and goals.

First and foremost, you’ll need to determine how you’re going to invest. Diversification is always a good idea, and regardless of the asset mix of your portfolio – be it shares of a company (i.e., equity), real assets, property, or bonds – you should aim to diversify, in order to mitigate risk.

After you have identified the objective(s) for your portfolio, you need to consider how the portfolio will be invested. Which asset classes (stocks, bonds, real estate, etc.) will you invest in and in what proportion?  Once again, diversification is important and your portfolio’s asset mix can have a big impact on the long-term success of your investment plan.

Constructing a diversified portfolio with appropriate investments can be a complex task. However, working with a knowledgeable wealth professional to build the best portfolio for you makes the process much easier. Using a resource such as Wealth Management Canada, which is free for investors, can assist in your search for a wealth manager. The wealth management companies they work with are all independent, discretionary portfolio managers who put investors first, in addition to being best-in-class asset managers. Each wealth manager is carefully vetted and must meet Wealth Management Canada’s quality standards to be considered. The team at Wealth Management Canada will work with you to identify which firms could be a good fit for you specifically and make introductions where appropriate.

As any seasoned investor knows, it takes years of experience to become a successful investor and working with an investment professional is a good choice for most investors. More importantly, don’t expect to become an expert overnight.

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