This blog and its contents are intended for general education and information. This blog is not intended as financial advice. Prior to implementing an investment plan, a person should thoroughly consider their own risk constraints and objectives. A very common question individuals pose to the financial advice community is "how do I get started?" This is often followed by "how much money do I need to make this worthwhile?" Both questions are valid, but there exists a temptation to make the answers too simplistic. The best answers are that each person's situation is unique to them, and that any financial plan or investment approach needs to be highly tailored to that person. Having said, there is a general top down approach that DRW Financial would take with a prospective client:
These 5 steps provide a very general overview for the "how to get started" conversation. The second piece, as to how much money is necessary to begin an investment plan, will largely depend on the above - there is no magic number or absolute minimum necessary to get started on your financial goals! Comments are closed.
|
AuthorDavid R Wattenbarger, president of DRW Financial Archives
January 2021
Categories |
FCL LLC (“DRW Financial”) is a registered investment advisor offering advisory services in the State(s) of TN, GA, IL, OK and in other jurisdictions where exempted. Registration does not imply a certain level of skill or training. The presence of this website on the Internet shall not be directly or indirectly interpreted as a solicitation of investment advisory services to persons of another jurisdiction unless otherwise permitted by statute. Follow-up or individualized responses to consumers in a particular state by DRW Financial in the rendering of personalized investment advice for compensation shall not be made without our first complying with jurisdiction requirements or pursuant to an applicable state exemption.
All written content on this site is for information purposes only. Opinions expressed herein are solely those of DRW Financial, unless otherwise specifically cited. Material presented is believed to be from reliable sources and no representations are made by our firm as to other parties’ informational accuracy or completeness. All information or ideas provided should be discussed in detail with an advisor, accountant or legal counsel prior to implementation. |
Forms ADV, Privacy Policy, and additional disclaimers may be found here