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VUE | Spring 2022

The Digest | New Jersey Magazine

Issue link: https://magazines.vuenj.com/i/1457679

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Page 126 of 131

ON E-S I Z E-F I T S-A L L Unfortunately, most investors, along with many of the people who advise them, are satisfied with a cookie- cutter investment plan. The "model portfolio" is useless to most investors. Your needs as an investor are your own. They should be identified early and called upon to direct any plans you make for investment. For instance, how much of your investment can you risk losing? What is your investment timetable? Are you retired, a young professional, or middle-aged? The allocation of your portfolio's assets among various types of investments, including treasuries, blue-chip stocks, equity mutual funds, and others, should reflect your needs perfectly. U N C H E C K E D C O S T S Make a routine effort to check in and see where your money is going. Many investors allow brokers' commissions and other fees and costs to decimate their returns. Professionals need to be compensated for their time; however, you should be aware of the fees you are paying and make sure they are appropriate for the services performed. V U E N J .C O M 127

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