The Planning Process: Investment Planning

Diversify beyond investments

Diversification alone may not be sufficient to protect your investments. By taking a broader view, a financial planning strategy can put safeguards in place to help protect yourself and your family.

For instance, purchasing disability income insurance provides protection for your ability to earn a living. Life insurance is another form of protection. It can help preserve your estate assets and reduce the risk that a disaster could wipe out your family's standard of living. Life insurance can also provide the necessary cash for your survivors to pay estate taxes and other expenses, or to carry on a family-owned business.

A properly planned estate can also be a part of your overall strategy. Simply having a will may not be enough. You may need to coordinate your will with trusts for your children, life insurance and estate tax planning. Estate planning can help preserve and direct the distribution of your assets after your death.

A diversified financial planning strategy will not eliminate risk or guarantee success. But it does offer an approach to help protect your assets, reduce risk and potentially grow assets over time. Talk with a qualified professional about how to put an effective financial planning strategy in place.

You've heard the old investment adage, "Don't put all your eggs in one basket." It's good advice. A diversified portfolio should be at the core of any well-planned investment strategy. While a worthy goal at any age, it's especially desirable as your net worth grows over the years. The basic purpose of diversification is to reduce risk and volatility. It's primarily a defensive type of investment policy. Depending on your investment goals and tolerance for risk, your strategy may emphasize one type of investment over another. But overall, your investment plan should be diversified. That's because no single type of investment performs best under all economic conditions. A diversified program is capable of weathering varying economic cycles and improving the trade-off between risk and return. Of course, diversification cannot entirely eliminate the risk of investment losses. Diversification offers returns which are not directly related over time and is intended for the structure of a whole portfolio to help reduce the risk inherent in a particular security.

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Latest News

Financial and Economic Brief - January 9, 2017

• Service Sector Growth Slows - Growth in non-manufacturing economic activity continued to fall in December, after dropping more than expected in November.

• GoPro Cutting 20% of Staff - GoPro is shutting down its drone business and cutting 20% of its staff after “weak demand” for its products.

• S&P, Dow Trade Lower on Monday - The S&P 500 and the Dow were trading lower on Monday, as losses in healthcare and financial stocks hindered Wall Street’s strongest start to a year in a decade.

Financial and Economic Brief - January 3, 2017

• Small Business Hiring Slows - The Small Business Jobs Index closed 2017 at 99.70 after falling 0.16% in December and 0.78% for the year.

• Oil above $60 a Barrel - U.S. crude oil prices rose 1% Friday to more than $60 a barrel, the highest close since June of 2015.

• First Trading Day, Indexes Higher - Wall Street’s main indexes were higher today, the first trading day of the year, lifted by gains in technology and consumer discretionary stocks.

Financial and Economic Brief - December 19, 2017

• Industrial Production Rises - U.S. industrial production rose 0.2% in November due to a rebound in extracting oil and natural gas after a stoppage during hurricane season.

• Campbell Acquires Snyder’s - Campbell Soups is set to acquire Snyder’s-Lance in a $4.9 billion deal. The deal will almost double Campbell Soup's baked-snacks revenue.

• U.S. Stock Indexes Hit Record Highs - The major U.S. stock indexes hit record highs on Monday, as the tax bill looked set to be passed into law with its $11 billion in corporate deal making. The tax bill, aims to lower corporate taxes to 21% from 35%.

Financial and Economic Brief - December 12, 2017

• Powell’s Early Policy Views - Jerome Powell appears set to let the tax cut “run its course” through the economy as weak growth in wages and inflation promote his view that the economy remains “underpowered”.

• November Jobs Report Strong - According to the November jobs report released on Friday, employers added 228,000 jobs in November and the unemployment rate remained at 4.1%.

• Launch of Bitcoin Futures - Derivatives exchange Cboe Global Markets launched its bitcoin futures late yesterday, marking the first time investors could get access to the market via a mainstream regulated exchange.

Financial and Economic Brief - December 5, 2017

• Mixed Numbers for Automakers - Major automakers posted mixed U.S. November new vehicle sales on Friday and predicted a competitive December as they rushed to sell vehicles and lift their 2017 numbers.

• CVS to Buy Aetna - CVS Health is buying Aetna for $69 billion in cash and stock in a deal that “reflects a rapidly shifting health care landscape”.

• Upcoming Fed Rate Hikes - The U.S. Federal Reserve is “almost certain” to raise interest rates later in December, a majority of whom also now expect three more rate rises in 2018.

Financial and Economic Brief - November 28, 2017

• Consumer Sentiment Rose More Than Expected - U.S. consumer sentiment saw “slight” gains in November compared to the mid-month reading, though the index remained below the decade high reached in October.

• Publisher of Time Agrees to Be Sold - The publisher of Time, People and Sports Illustrated agreed yesterday to be sold to another big magazine publisher, Meredith.

• New Home Sales at 10-Year High - Sales of new U.S. single-family homes unexpectedly rose 6.2% in October, to a seasonally adjusted annual rate of 685,000 units, amid strong demand across the country.