Despite Uncertain Times, Now is Time to Maximize Investments

In today’s uncertain economy, many investors may be a bit more nervous and can fall prey to common misconceptions about how to maximize their investments to set the stage for a strong future. After a good number of years of strong market returns, some may have become complacent, not paying attention to their monthly investment statement or missing the opportunity to consider simple steps to maximize returns even further.

Whether you’re saving for retirement, funding a child’s higher education, or thinking about that dream vacation, now is the time to take proactive steps to secure a strong financial future. During uncertain times, talking with a Financial Advisor can help you identify creative solutions that can set you up for success and make you feel more confident in your investment approach.

Consider the following ways to maximize your investments during this uncertain time:

Continue to invest consistently – Don’t let market turbulence rule your investing strategy. Continue to add to your savings, investment, or college savings accounts so that you can benefit from stronger returns in the future. And if you haven’t started contributing to any savings or have taken a break from adding to your accounts, it’s never too late to start or to get back into the habit of contributing.

Consider other investment options –Take time to learn about the variety of investment options available and consider diversifying your portfolio. There are many ways to invest – from savings accounts, CDs, money market accounts, stocks, bonds, real estate and other options. Take time to determine what is the right mix for you and what risk-to-return level makes you most comfortable. Some options may offer lower short-term returns but remember that slow and steady investment practices will pay off in the long term.

Build positive habits – Good financial habits like budgeting, tracking expenses and steadily saving will help build confidence in your overall financial fitness. Prioritizing your essential expenses and focusing on saving more during these uncertain times can offer additional investment resources to use to build a stronger future for you and your family.

Be patient – While it’s important to stay on top of your investments, it’s possible to check your investments too often, which can make you feel nervous about the normal daily fluctuations that occur within the market. Instead, commit to a long-term strategy that is more likely to realize higher returns vs. being too eager to re-balance your portfolio or withdrawing your funds altogether.

Find a financial Advisor – Build a strong relationship with a trusted Financial Advisor as a step forward to long term success. This individual will be able to help you clarify your current financial picture, assess your risk profile, and help you to build a plan that meets your short and long-term financial goals, monitoring and adjusting as needed to keep you on the right track to achieve your goals.

If you’re feeling a bit nervous and don’t know where to start, consider contacting Servion Financial Advisors. Finding an Advisor to guide you through the process – and who you can trust – will help you feel even more confident that you can enjoy your retirement years and achieve the goals that are important to you.

Registered Representative(s) of and securities and advisory services offered through Cetera Advisor Networks LLC, member FINRA, SIPC, a Broker/Dealer and a Registered Investment Advisor. Securities and investments products are: Not FDIC/NCUSIF insured - May lose value - Not financial institution guaranteed - Not a deposit - Not insured by a federal government agency. Cetera is under separate ownership from any other named entity. 500 Main Street, Suite 100, New Brighton, MN 55112. 651-631-3111.

Neither Cetera Advisor Networks LLC nor any of its representatives may give legal or tax advice. For a comprehensive review of your personal situation, always consult with a legal or tax advisor.

All investing involves risk, including the possible loss of principal. There is no assurance that any investment strategy will be successful.