Edward Jones’ Mona Mahajan explains.
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00:00probably the first and foremost thing
00:02you wanna ask yourself is,
00:03what does my risk profile and tolerance look like?
00:07If you're closer to that retirement age,
00:09perhaps you don't need or don't want to go all in
00:15on high growth equity profiles, equity type investments,
00:20you wanna balance portfolio
00:21with a little bit more fixed income,
00:24with bond investments to compliment
00:26some of those higher growth
00:27and higher risk parts of the market.
00:30Now, if you're younger in your investment career
00:32and perhaps you have either inherited some money
00:36or have built up a nice early nest egg,
00:40and you have some time to really let that grow
00:43with a little bit higher risk tolerance,
00:45then you have a different profile.
00:47So really the first thing you wanna ask yourself is,
00:49what is my investment risk profile?
00:52How much time do I have in the market?
00:54And what are my goals longer term
00:57that I want to achieve with that financial success I gain?