{"id":7809,"date":"2021-09-30T06:48:03","date_gmt":"2021-09-30T14:48:03","guid":{"rendered":"https:\/\/exceedia.ca\/?p=7809"},"modified":"2021-10-01T05:48:04","modified_gmt":"2021-10-01T13:48:04","slug":"the-five-steps-to-investment-planning","status":"publish","type":"post","link":"https:\/\/exceedia.ca\/the-five-steps-to-investment-planning\/","title":{"rendered":"The Five Steps to Investment Planning"},"content":{"rendered":"<div>\n<style type=\"text\/css\">\n@-webkit-keyframes oryCellResizeableAnimate {\n  0% {\n    background-color: hsla(0,0%,100%,.26);\n    top: 45%;\n    bottom: 45%;\n  }<\/p>\n<p>  50% {\n    background-color: hsla(0,0%,100%,.12);\n    top: 0;\n    bottom: 0;\n  }<\/p>\n<p>  to {\n    background-color: hsla(0,0%,100%,.87);\n    top: 45%;\n    bottom: 45%;\n  }\n}\n@keyframes oryCellResizeableAnimate {\n  0% {\n    background-color: hsla(0,0%,100%,.26);\n    top: 45%;\n    bottom: 45%;\n  }<\/p>\n<p>  50% {\n    background-color: hsla(0,0%,100%,.12);\n    top: 0;\n    bottom: 0;\n  }<\/p>\n<p>  to {\n    background-color: hsla(0,0%,100%,.87);\n    top: 45%;\n    bottom: 45%;\n  }\n}\n<\/style>\n<style type=\"text\/css\"><\/style>\n<div class=\"juiced\">\n<div id=\"postToSend-9\">\n<div class=\"ory-row\" style=\"box-sizing: border-box; display: -webkit-box; display: -ms-flexbox; display: flex; -webkit-box-flex: 0; -ms-flex: 0 1 auto; flex: 0 1 auto; -webkit-box-orient: horizontal; -webkit-box-direction: normal; -ms-flex-direction: row; flex-direction: row; -ms-flex-wrap: wrap; flex-wrap: wrap; margin-right: 0; margin-left: 0; position: relative;\">\n<div class=\"ory-cell ory-cell-sm-12\" style=\"position: relative; box-sizing: border-box; -webkit-box-flex: 0; -ms-flex: 0 0 auto; flex: 0 0 auto; padding-right: .5rem; padding-left: .5rem; -ms-flex-preferred-size: 100%; flex-basis: 100%; width: 100%; min-width: 100%;\">\n<div class=\"ory-row ory-cell-inner\" style=\"box-sizing: border-box; display: -webkit-box; display: -ms-flexbox; display: flex; -webkit-box-flex: 0; -ms-flex: 0 1 auto; flex: 0 1 auto; -webkit-box-orient: horizontal; -webkit-box-direction: normal; -ms-flex-direction: row; flex-direction: row; -ms-flex-wrap: wrap; flex-wrap: wrap; margin-right: 0; margin-left: 0; position: relative;\">\n<div class=\"ory-cell ory-cell-sm-12\" style=\"position: relative; box-sizing: border-box; -webkit-box-flex: 0; -ms-flex: 0 0 auto; flex: 0 0 auto; padding-right: .5rem; padding-left: .5rem; -ms-flex-preferred-size: 100%; flex-basis: 100%; width: 100%; min-width: 100%;\">\n<div class=\"ory-cell-inner ory-cell-leaf\"><img decoding=\"async\" class=\"content_to_brand ory-plugins-content-image\" src=\"https:\/\/www.appsforadvisors.com\/ufs\/advisorBrandedContent\/RAQrR9PQQwgnSMFHR\/The%20Five%20Steps%20to%20Investment%20Planning%20(1)-Jesse-Vu-qFaneFZJcCjxbCH4g.png\" style=\"width: 100%; max-width: 612px;\"><\/div>\n<\/div>\n<\/div>\n<div class=\"ory-row ory-cell-inner\" style=\"box-sizing: border-box; display: -webkit-box; display: -ms-flexbox; display: flex; -webkit-box-flex: 0; -ms-flex: 0 1 auto; flex: 0 1 auto; -webkit-box-orient: horizontal; -webkit-box-direction: normal; -ms-flex-direction: row; flex-direction: row; -ms-flex-wrap: wrap; flex-wrap: wrap; margin-right: 0; margin-left: 0; position: relative;\">\n<div class=\"ory-cell ory-cell-sm-12\" style=\"position: relative; box-sizing: border-box; -webkit-box-flex: 0; -ms-flex: 0 0 auto; flex: 0 0 auto; padding-right: .5rem; padding-left: .5rem; -ms-flex-preferred-size: 100%; flex-basis: 100%; width: 100%; min-width: 100%;\">\n<div class=\"ory-cell-inner ory-cell-leaf\">\n<div>\n<h1>The Five Steps to Investment Planning<\/h1>\n<p>For a long time, there were limited options for most investors. But now, there are hundreds of investments you can choose from. For a lot of people, this amount of choice can be overwhelming. Fortunately, an investment advisor can help you figure out what the right investment choices are for you.<\/p>\n<p><strong>Meeting your investment advisor<\/strong><\/p>\n<p>When you first meet with your investment advisor, they will tell you about their obligations and responsibilities. They should:<\/p>\n<ul style=\"margin: auto 2em 1.5em; list-style-type: disc;\">\n<li style=\"list-style-type: inherit; display: list-item; margin: .2em 0 0 .2em;\">Give you general information about your various investment choices (e.g. stocks, bonds, mutual funds)<\/li>\n<li style=\"list-style-type: inherit; display: list-item; margin: .2em 0 0 .2em;\">Tell you how they are compensated for their services<\/li>\n<li style=\"list-style-type: inherit; display: list-item; margin: .2em 0 0 .2em;\">Ask if you have any questions about specific investment vehicles (such as RRSPs or TFSAs)<\/li>\n<\/ul>\n<p><strong>Determining your goals and expectations<\/strong><\/p>\n<p>The next step is to for your investment advisor to fill out a \u201cKnow Your Client\u201d type of worksheet. The information on this worksheet will help your investment advisor determine the most suitable investment options for you. You\u2019ll need to provide information on your:<\/p>\n<ul style=\"margin: auto 2em 1.5em; list-style-type: disc;\">\n<li style=\"list-style-type: inherit; display: list-item; margin: .2em 0 0 .2em;\">Income<\/li>\n<li style=\"list-style-type: inherit; display: list-item; margin: .2em 0 0 .2em;\">Net worth<\/li>\n<li style=\"list-style-type: inherit; display: list-item; margin: .2em 0 0 .2em;\">Investment knowledge<\/li>\n<li style=\"list-style-type: inherit; display: list-item; margin: .2em 0 0 .2em;\">Risk tolerance<\/li>\n<li style=\"list-style-type: inherit; display: list-item; margin: .2em 0 0 .2em;\">Time horizon (how long you want to invest for)<\/li>\n<li style=\"list-style-type: inherit; display: list-item; margin: .2em 0 0 .2em;\">How frequently you want to invest<\/li>\n<\/ul>\n<p><strong>Developing your investment plan<\/strong><\/p>\n<p>Once they have all the information they need, your investment advisor will suggest the investments they think are appropriate for you.  Most investment advisors recommend purchasing mutual funds or exchange-traded funds (ETFs) as they have relatively low costs and contain a wide variety of stocks and bonds.<\/p>\n<p><strong>Implementing the plan<\/strong><\/p>\n<p>Once you approve your investment advisor\u2019s suggestions, you will fill in all the appropriate paperwork to set things in motion. After that, you must provide a way to fund your investments. Your investment advisor can then make any initial purchases and set up any ongoing fund purchases or transfers from other investments.<\/p>\n<p><strong>Monitoring the plan<\/strong><\/p>\n<p>Your investment advisor should get in touch with you at least once a year to make sure your plan is still right for you and discuss any changes you want to make to it. If you have any major life events such as getting married or changing jobs, you should contact your investment advisor to see if you should revisit your plan. <\/p>\n<p>The sooner you start planning for retirement, the sooner you can get there! Contact an investment advisor planner or us today!<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>An investment advisor can help you figure out what the right investment choices are for you.<br \/>\nThe five steps to investment planning are:<br \/>\n\u2022\tMeeting your investment advisor<br \/>\n\u2022\tDetermining your goals and expectations<br \/>\n\u2022\tDeveloping your investment plan<br \/>\n\u2022\tImplementing your investment plan<br \/>\n\u2022\tMonitoring the plan<br \/>\nThe sooner you start planning for retirement, the sooner you can get there! An investment advisor can help you get there quicker.<\/p>\n","protected":false},"author":8,"featured_media":7811,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[104,151,55],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Five Steps to Investment Planning - Exceedia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exceedia.ca\/the-five-steps-to-investment-planning\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Five Steps to Investment Planning - Exceedia\" \/>\n<meta property=\"og:description\" content=\"An investment advisor can help you figure out what the right investment choices are for you. 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