Thursday, October 23, 2008

Coaching on investments - reduce stress

I do get asked this question a lot:"should I invest now? What do I do with my current investments?"

One of the biggest group of people I coach are Financial Advisors and here are a few things that I've learnt from them:

One, before you put your money in any investment, assess your risk appetite...what does this mean? How good are you at taking risks with your money.

Two, get a risk assessment done by a professional.

Third...its more of my personal advise....if you don't know where to invest your money, and not sure how to do it and cannot trust someone else with it right now...leave it where it is!

In times of uncertainty, what you want to do is reduce your stress NOT increase it.

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