Questions to Ask Yourself When Investing
- What are my investment objectives?
- What does my money need to do for me?
- When will I need to draw money out of my portfolio?
- How much risk am I willing to take?
- What other special circumstances affect my investments?
- Am I looking for a partner who will work with me to manage my investments, or do I prefer an advisor who will take more control and tell me what is best?
- What kind of communication do I want with my advisor? Are my needs best met by formal reports, by telephone conversations or face-to-face meetings?
- Do I need an advisor who works nearby, or am I comfortable communicating with someone in another location?
- Are professional credentials important to me?
- Do I have any social or political beliefs that I would like to incorporate into my investment plan?
- What do I know about asset management styles (e.g. value, growth)? Do I know which one is right for me?
- How will I decide when to sell?
- How will I evaluate performance?
Content provided by the CFA Institute.
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