Business
In today's episode, Mooney Lyons investment strategist Jeff Scheider talks about the investment process:Steps to realizing a successful Investment ProcessHave a reasonable and attainable goal….define what you are trying to doBuild a portfolio that matches your investment goal and your risk tolerance….know what you’re buying…correlations….category driftValidate your portfolio….get 2nd opinions….find trustworthy people…use outside resourcesMonitor…..keep track of what’s going on in the market and in your portfolio…why are things happening differently than expected or anticipatedChange….make adjustments as necessary….don’t make changes just for the sake of change. Know your tax consequences. Don’t make emotional decisions.Be disciplined….if your process says sell, sell. If you’re out of balance, rebalance. Don’t be greedyFor more, call Mooney Lyons at 847-382-2600Visit online: MooneyLyons.comOr email: info@mooneylyons.comSecurities offered through Triad Advisors, LLC. Member FINRA/SIPC. Advisory Services offered through Triad Hybrid Solutions LLC, a registered investment advisor. Mooney Lyons Financial Advisors and Triad Advisors, LLC are not affiliated.