There are multiple opportunities for you to invest on your own by using trading platforms that cater to individual investors. In fact, there are many publications and mainstream media personalities that offer information to individuals who want to invest on their own, rather than utilizing a Financial Advisor.
A key consideration when making the decision to invest on your own lies in your willingness to complete the tasks that are necessary to be a successful investor. These tasks include:
- Research - reviewing many different investments and then discerning which products may meet your requirements based on risk tolerance, income needs and time horizon.
- Staying current with the market - financial markets will fluctuate and you should have a basic understanding of what is driving the markets and how market conditions are likely to affect your investments.
- Adjusting your account - making changes in your investment selections or how your account is set up in your trading platform so as to reflect your future needs.
- Paperwork - accurately completing paperwork and making sure your account is set up to meet your needs from a tax and account registration standpoint.
Investing on your own is possible if you are skilled at completing the tasks necessary to be successful. However, working with a Financial Advisor offers you more than simply investment advice. There are many aspects in building and maintaining a solid financial plan required to carry you through your working and retirement years. Mark Peterson and Cole Backstrom, the Financial Advisors with Novation Investment Services, have over 20 years of combined experience helping 3Mers and their family members plan for their retirement. Expand your financial horizons and develop the tools needed to achieve long term financial success. Contact Mark or Cole – they would welcome the opportunity to meet with you to review your personal situation.
Novation Investment Services is located at 500 Imperial Avenue, Oakdale, MN 55128 and can be reached at (651) 739-8080. Securities and advisory services offered through Cetera Advisor Networks LLC, member FINRA/SIPC. Investments are: • Not FDIC/NCUSIF Insured • May lose value • Not financial institution guaranteed • Not a deposit • Not insured by any federal government agency. Cetera is under separate ownership from any other named entity.