Deciding to buy stocks, mutual funds, and other investments can bring an assortment of questions. Where do you start? How much money is needed? With a bit of homework, the process doesn’t have to be daunting. The team of licensed financial planners at Lexington, KY’s Family Financial Partners specialize in helping novice investors learn the basics. The local firm believes an educated client makes the best investor, so they answer a few common questions they receive.

Investment Planning FAQs

When Should I Start Investing?

Today is a good day to start! The younger you are, the more time is available for investments to grow. However, even if you start investing later in life, a financial advisor can provide guidance on how to invest given your age.

How Much Money Do I Need?

You may be surprised to know it doesn’t take a huge chunk of cash. In fact, $500 or less is enough to enter the investment market. The initial amount is driven by several factors, including stock price, risk tolerance, and your long-term goals.

How Do I Know Which Investments to Select?

The answer generally depends on your short- and long-term goals and time frames. For instance, saving for retirement may call for choosing certain investments that can weather the stock market’s fluctuations. Saving money for more immediate priorities, such as purchasing a home, might require investments that produce higher returns.

Will I Lose Money?

Any reputable financial planner will tell their clients that investing carries some risks. Stock prices are driven by the economy, how companies are performing, and a variety of other factors. As a result, an investment’s value could increase or decrease over time.

Investing involves setting financial goals and establishing solutions to meet them. An experienced investment planner will provide a customized road map designed for a wide range of incomes. For more than a decade, Family Financial Partners has provided comprehensive and personalized advising services to clients from all walks of life. If you’re ready to start investing, call (859) 219-1006 to schedule a complimentary consultation. Visit their website for additional information on how a financial planner can help you and your loved ones.

Investing involves risk including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values.