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Here are thefour tips to investing successthat Kissick believes will get you on the right track.
Embrace Technology
With technological advancements happening every day, investing may not seem like the easiest task.
However, technology has made it much easier to invest and build financial success.
Technology has made investing easier than ever.
You no longer need to have a financial advisor to purchase stocks on your behalf.
Many apps and websites allow you to directly buy stocks, said Kissick.
The reason this is so important is that financial advisors charge AUM assets under management.
When you started investing, 1% might have been a small part of your portfolio.
As you approachretirement and investments[grow], 2% becomes a significant amount.
you’re free to also set real-time notifications using Google Alerts.
Select create alert and youll receive emails whenever a matching result comes up.
It can also reduce overall risk again, this is good for your bottom line.
Plus, its more of a hands-off approach, leaving you more time to handle other matters.
You might even have one right now.
But if you arent taking full advantage of it, you could be missing out on some great returns.
But you may also want to review and adjust how your plan is set up.
Many 401(k)s offer a large variety of pre-made options to choose from.
Ultimately, you should be allocating your shares in a way that maximizes your returns.
Some of themore common optionsare mutual funds and exchange-traded funds (ETFs).
These can be as aggressive or as conservative as youd like.
Note that not all 401(k) plans allow for asset reallocation.
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