BMO Financial Tip of the Week: Have a Well Diversified Investment Portfolio
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 05/30/12 -- As part of BMO Financial Group's ongoing commitment to financial literacy and 'Making Money Make Sense' for Canadians, BMO is releasing a financial tip every week in 2012.
BMO's Financial Tip of the Week:
To stay on track to reach your financial goals, keep a well-diversified investment portfolio
A diversified portfolio - one with a mix of investments spread across several sectors - reduces volatility without lowering expected returns.
"In order to get the most from your money, your investments must be well-diversified and properly aligned with your financial goals," said Serge Pepin, Vice President, Investment Strategy, BMO Global Asset Management. "In today's unpredictable market, it's crucial to balance your portfolio with a mix of investments. A financial professional can help you identify adjustments that will mitigate risk and make your portfolio less susceptible to market fluctuations."
BMO offers the following advice on maintaining a well diversified investment portfolio:
1. Establish your investment goals: Develop a financial plan (either on your own or working with a financial professional) that charts your goals and timeframes (for example: saving for a wedding, a home, retirement, etc). This will help you structure your investment portfolio and keep you on track.
2. Make sure your portfolio has a variety of different kinds of investments: Having lots of investments does not ensure you have a diversified portfolio; however, having a variety of different kinds of investments does. Balance risk and return by including stocks, mutual funds, exchange traded funds, guaranteed investment certificates, bonds and/or cash.
3. Diversify within investment categories: Make sure you have more than one holding for each investment type. For example, for your stock holdings, select 10-30 stocks that cover a range of industries, such as financials, utilities, technology and healthcare. This should provide diversification while reducing risk.
4. Review your investments periodically: Regularly review your portfolio to ensure it remains well diversified and on track to meet your financial goals. Should you need it, seek out the assistance of a financial professional as well.
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Contacts:
For all news media enquiries please contact:
Rachael McKay, Toronto
(416) 867-3996
Ronald Monet, Montreal
(514) 877-1873
Laurie Grant, Vancouver
(604) 665-7596
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Datum: 30.05.2012 - 13:17 Uhr
Sprache: Deutsch
News-ID 151288
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Commercial & Investment Banking
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