Steve Sorensen Embezzlement

Image source: inc.com Money, Wall Street, investment, these are words that are usually associated with the stock market. Some people believe that investing in the stock market is the key to attaining financial freedom. It’s a long-term financial plan that can earn big dividends if you are smart enough to know the situation. If you want to invest on the stock market, you will need to learn everything there is to know about it. According to investment expert Steve Sorensen, going into the stock market haphazardly is a surefire way of losing all your earnings. Here are some things you need to know before investing in the stock market. Like most investments, it’s very risky to bank everything you have on one stock. Diversify using multiple options like exchange traded funds or mutual funds. This way, if the stock fails, you will have several other backups and your finances won’t be ruined completely. Image source: fool.com It’s also important not to invest everything...

Image source: moneysense.com.ph First off, we’ve to mention that how you decide on allocating your assets for your portfolio today will be subjected to future economic fluctuations and redefined by possible alterations in your investment objectives. This means you’ve to regularly track your asset allocation and, when needed, spend time rebalancing. Having said that, you need to make your portfolio as financially sound as possible, based on good risk tolerance, asset allocation policy, and design. And knowing your personal investment goal is the key first step. Why are you investing to begin with? Is it to prepare for your kids’ college education? To buy a new car or house? You need to identify exactly which ones top your priority to better handle liquidity needs and time frames. Image source: flexscore.com Speaking of liquidity, which essentially means the speed by which you convert your investments into cash, decide on the portfolio content based on your need. F...