Buying low and selling high seems to be the secret to successful retirement investing. However, nobody is clairvoyant, and pitfalls abound on the road to retirement. A good decision would be not to decide on the type of investment independently and actually talk to a broker, a financial consultant or some other professional who can offer an estimate of the market trends and advise you on the most advantageous course of action. Here are some of the don?ts that should not mar your retirement investing efforts.
Don?t invest in a hot emerging market fund because you may need rapid access to the money and you don?t want to get burdened with unnecessary transactions, penalties and fees. Emerging market funds may sound promising but they also come with a great deal of risk. I?m sure that this is not what you expect from your retirement years. The money that you?re going to need in five years from now should not be blocked in stocks.
Another way to avoid getting over-charged by fees for your retirement investing is to get directly in contact with a mutual fund company, instead of going through a broker. You can?t make up for the extra fees even if you are a skilled money manager, that?s why you should not accept to pay a load that easily. Therefore, evaluate your options carefully, with the mention that you can?t make a decision unless you spend time with research and investigating.
Determine the asset classes that work best for you in order to identify the right retirement investing options. By design, some funds make more money than others. Due to the nature of their respective holdings, it?s impossible to compare between different funds. A fine example of such an impossible comparison would be that of bond funds and stock funds. What you should nevertheless pay attention to here is the effect or the purpose of the fund. For instance a bond fund can be stabilizing on your portfolio.
The best way to strategize for your retirement investing is to understand the various types of asset classes. Depending of the market fluctuations, you may want to have a variety of funds so that you are covered for better or worse. When the stock market goes down, bonds may do just fine, and vice versa. However, these are not the only risks that you are exposed to with retirement investing. Dare to check further!
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Source: http://www.e-self-help.com/retirement-investing/
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