BMO Retirement Tips of the Day: Don't Watch Your Investments Too Closely and Factor in Time, Contributions and Rate of Return
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 02/07/12 -- As the February 29th deadline approaches to make a contribution to a Registered Retirement Savings Plan (RRSP) and as part of its ongoing commitment to improving financial literacy, BMO Financial Group will be providing daily retirement tips during the month of February from BMO Retirement Institute Head Tina Di Vito's new book .
Tip Number Thirteen:
Don't watch your investments too closely
The more attention you pay to how your investments are performing, the more likely you are to try to time the market; this may cause you to make impulsive decisions. While it's important to review your portfolio on a regular basis, watching your investments too closely can lead to emotional and, sometimes, foolish decisions. Common mistakes include:
Tip Number Fourteen:
Know the value of time, contributions and rate of return in reaching your goal
Three factors play a major role in reaching your savings goal: time, contributions and rate of return. With more time, larger contributions and a higher rate of return, you will accumulate more money. If you change any of these factors, the others will be impacted.
When considering your savings options, consider which of these factors you can best control and work with a financial professional to determine which savings vehicles are appropriate for you. It is also important to note that these factors will change over time according to your unique situation. Be sure to review your financial situation regularly and determine how adjusting these factors will help you save more.
For more information on retirement:
Get the latest BMO press releases via Twitter by following (at)BMOmedia.
Contacts:
For all news media enquiries please contact:
Rachael McKay, Toronto
416-867-3996
Sarah Bensadoun, Montreal
514-877-8224
Laurie Grant, Vancouver
604-665-7596
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 07.02.2012 - 13:00 Uhr
Sprache: Deutsch
News-ID 111744
Anzahl Zeichen: 0
contact information:
Town:
TORONTO, ONTARIO
Kategorie:
Commercial & Investment Banking
Diese Pressemitteilung wurde bisher 231 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"BMO Retirement Tips of the Day: Don't Watch Your Investments Too Closely and Factor in Time, Contributions and Rate of Return"
steht unter der journalistisch-redaktionellen Verantwortung von
BMO Financial Group and BMO Bank of Montreal (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
