Top Investment Tips for Profitable Wealth Management

27 Sep 2021

Top Investment Tips for Profitable Wealth Management

Whether you happen to be saving for retirement or a rainy day, you want to ensure that your money is working hard for you. Choosing the right investment products can feel overwhelming and intimidating, but it doesn’t have to be that way. Profitable wealth management  can be quite easy when you keep these top investment tips in mind.

Set Clear Goals

The first thing you need to do is establish a specific goal  for your wealth management. If your goals are more short-term, then you may want to select different investment products. A short-term goal often does better outside of investing in things like mutual funds and the stock market. For those who will need access to their money in two years or less, you might be better off with a money market account or a savings account that accrues interest.

Are you looking at more long-term goals such as retirement or expensive college tuition for your children? Long-term goals can be better met through investing in the stock market or mutual funds. You can choose to invest your money wisely on your own or opt for local investment management in the Fort Worth, Lubbock, or Weatherford areas. Make sure to consider all of your options to create a plan that caters to your unique financial situation.

Consider Your Risk Tolerance

Once you can recognize your financial goals, you can begin to consider your tolerance for risk. Investors who don’t need access to their money for many years can often tolerate a bit more risk in their portfolio. If you are in your twenties or thirties saving for retirement, you can handle a more aggressive investment approach that consists mostly of stocks and mutual funds.

As you make the transition closer to your final goal, you might want to consider scaling back your investments. You may need to switch investment products and investigate a more conservative portfolio that consists of investment products like bonds and money market accounts. Quality investment management in Fort Worth, Lubbock, and Weatherford can help you choose the right products based on your risk tolerance.

Look for Mutual Funds Over Individual Stocks

A do-it-yourself investor may have a hard time identifying individual stocks to purchase in order to grow their portfolio. Even a seasoned investor may face this challenge. This is why many people prefer to invest in mutual funds for more profitable wealth management. Mutual funds help you to diversify your portfolio by pooling together money from multiple investors and purchasing a collection of securities that can include both stocks and bonds.

This unique portfolio is managed by a professional who helps to refine the included assets in order to increase capital gains and income for the investors. In comparison to other investment products, mutual funds give you access to a diversified portfolio at a relatively low price.

Keep in mind this is just a simplified overview of what mutual funds can offer. There are several different types of these funds that you may want to learn more about to maximize your wealth management.


Need some help organizing your portfolio, we’d love to help! You can reach out to our BentOak team today to learn more.


Maximize Returns

When it comes to profitable wealth management, everyone wants to know what kind of return they can get on their investment. A two to three percent return can seem like a paltry sum compared to others who are achieving ten to fifteen percent returns. Investing in the stock market or mutual funds tends to yield these higher returns historically.

Again, this can come with a greater risk so be sure to consider whether your goals are more short-term or long-term. The stock market may take small hits as the economy fluctuates, but it tends to be successful long-term if you invest in excellent companies that are purchased when prices are low. Be sure to do research on companies you are considering investing in to determine if they have the potential for this type of long-term success.

You need to have a strategy in mind when it comes to investing. This is where finding quality wealth management services can come in handy. Expert money managers can help you to find the stocks and mutual funds that have the most potential to yield these higher returns for your portfolio.

Minimize Your Fees

Every time you purchase new investment products, you are likely to pay a fee. These fees can be in the form of commissions paid to your wealth advisor or trading fees for buying and selling stock. Ultimately, you should make it your goal to minimize as many of the fees as possible. Investing for the long haul is often the best bet because you are allowing that money to work for you instead of spending it on fees that won’t accomplish anything for your future.

It’s possible to save millions over the course of your lifetime just by minimizing the fees you pay on your accounts and trading. You may feel like you are making more money by constantly buying and selling, but this type of activity can actually be detrimental to your long-term wealth management.

You want to ensure that your dollars are working as hard for you as they possibly can. Before you make the decision to invest, you should consider your goals and how much risk you can tolerate on your way to achieving them. Taking the time to figure out your investments now can help you to build substantial wealth over the years.

Wealth Management Solutions with BentOak Capital

Are you ready to take control of your financial future? Would you like to partner with an experienced team that can help you manage your wealth?

If so, then it’s time to contact BentOak Capital. We offer comprehensive financial planning services to clients in a variety of fields. You can reach us by completing a contact form or by calling one of our three Texas-based offices.

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