Investors that
neither have the time nor the tolerance to vigorously manage their money have
options. They can hire a money manager or spend in a mutual fund. However, the
hardest part is defining which route is the best option. There are quite a few
things to consider when deciding how to manage your money.
Starting Costs – A significant
deliberation for many investors is how much it will cost to get into a specific
investment.
Investment Horizon – When
deciding and finding for the right investment, investors must understand the
advantages and boundaries of each investment prior to becoming involved.
Hand Holding – Many money
managers and investment advisors will take phone calls and discuss strategy
with their investors.
Directing Investment
Decisions – It is impossible to control the individual stocks or bonds that are
in fact owned within the portfolio. This may be difficult for environmentally
conscious investors or others that want strict control over their holdings.
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