This two-part article series explains the three important things anyone needs in

order to grow their wealth through investing: education, experience and excess

cash.

Welcome to the second installment of this two-part article series on growing your

wealth through investing. Previously, we took a look at the importance of getting a

financial education, which simply means doing your research through reading,

online research and getting the advice of an experienced asset management

expert or LPL financial advisor in Del Mar.

# 2: Look for an Experienced LPL Investment Advisor

The next important step in the game is experience: it is the hallmark of any good

and successful investor and investment advisor. This is where hiring the services

of an LPL investment advisor becomes extremely important. He or she will

dedicate his or her time to translating your goals and desires into an investment

portfolio that matches your risk profile.

If you’re young and have the elbow room to handle a little more risk, you might

want to invest in slightly riskier stocks; if you’re nearing retirement and don’t want

to shoulder any risk at all, you can stick to reliable stocks and investments. Your

investment advisor will listen closely to you and make recommendations based

upon their experience, your wealth picture, financial needs and goals.

If you DO wish to get directly involved in managing your own investments, it is still

recommended that you employ the services of an LPL financial advisor who will

provide you with his or her advice. Then, however, you should realize that through

the course of learning how to invest you will, in all likelihood, see your stocks go

up as well as down. What’s important is that, in the long-term, they go up in value.

Asset Management for Del Mar's Residents: Education, Experience and Excess Cash!

PART - 2

Learn from your successes and your failures and you will find your experience

guiding you towards greater all-round financial success.

# 3: Invest Your Excess Cash

Many Del Mar residents don’t invest because they feel they don’t have the money

to spare, whether it’s because their living expenses are too great every month, or

they’d rather use that money to pay off their car, or they are channeling all of their

money back into their business. Here’s the thing: you don’t need a lot of money in

order to invest! It’s not excessive cash: it’s excess cash. By setting aside as little

as $100 every month for investing, you can establish a healthy nest egg with time.

The more important issue here is to realize what expenses will yield better fruit in

the long-term and to cut down on the things you don’t necessarily need. Try to

reduce your budget for non-essential luxury items and instead, set that money

aside for investing. Remember, the wealth didn’t get wealthy by spending their

spare money! There’s absolutely nothing wrong with starting small. Almost every

successful businessman and woman on the planet started with very little -

perhaps just a single idea and an empty garage - so don’t allow yourself to be

intimidated by your means, or perhaps lack thereof.

A Final Note on Investing

With time, education and experience you’ll realize that investing your money -

whether it’s in property, the stock markets, cash and or in tangible assets like

antiques, precious metals and artwork - isn’t anything to be scared of. Rather, it’s

absolutely key to your financial security and success and the sooner you start, the

better!

Thanks for Reading!

jklwealth.com