Where should your investment advice come from? According to a recent survey by Cisco’s Internet Business Solution Group, (March 30, 2011), half of those under age 50 use social networking for their investment advice. That’s a staggering number. Yet using the internet to make important financial decisions and then execute them without proper assistance could be a costly solution to your investment questions.
You probably know all too well that things don’t always go according to plan, and that applies to both life and finances. Job changes. Family responsibilities. Difficult partings. Unexpected emergencies. Broken-down engines. The universe seems to find a way to absorb any financial “extras” that accumulate in your bank account. With more at stake now, protecting yourself and your family against the unexpected is a more important part of a comprehensive financial plan.
Financial planning, like so many things in life, can be more stressful to think about than actually do something about. Once you get to it, though, it’s actually quite intuitive: Before you ever add or subtract a number, it begins with laying out a few of your long – and short-term goals.