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It is not. Any investment program needs to consider the rate of return, your risk tolerance, and your time horizon. Young people investing for retirement have a long-term time horizon. Investing in stock mutual funds makes sense. When you are age 50 and above and closer to retirement, more conservative investments such as bonds and cash may be more appropriate.
The process you go through in investing for retirement is the same as investing for other purposes. What is your goal? What do you have to work with? When will you need the money? Getting clear about your goals always eliminates unwanted or unnecessary alternatives.
When managing your investments, you will need to understand risk, which comes in different forms. You will also need to understand the different challenges and rewards of investing in individual stocks or mutual funds. Given the ups and downs of the market, diversification is an essential part of any investment strategy. And you should know where to go to evaluate the performance of your investments.
Investment and insurance products and services are offered through INFINEX INVESTMENTS, INC. Member FINRA/SIPC. United Wealth Management is a trade name of United Bank. Infinex and United Bank are not affiliated. Products and services made available through Infinex are not insured by the FDIC or any other agency of the United States and are not deposits or obligations of nor guaranteed or insured by any bank or bank affiliate. These products are subject to investment risk, including the possible loss of value.