Financial Planning and Advice Blog for Syracuse

By highpointadvisors March 7, 2019 No Comments

Social investment is growing in popularity, and with good reason. It allows investors to support the causes that are most important to them while building personal wealth. However, if you're not a financial pro, you may not be sure how to begin or have concerns about balancing your values and your finances. To learn more, check out four tips from HighPoint Advisors, LLC to get started with social investment today.

1. Understand Your Priorities

What causes are you most passionate about? Do you want to make a local or global impact? Take the first steps toward social investment by making a list of the issues that matter most. Once you've identified where your money could make an impact, you can also think about any other criteria that will govern your investments, such as environmental, social and governance standards, industries you'd prefer not to support and more.

2. Set Financial Goals

In addition to your commitment to social responsibility, it's also important to consider your individual financial needs. For many people, these concerns involve retirement planning, purchasing a home, planning for long-term care and/or starting college funds. While your financial planning needs will evolve over time, you should have a clear understanding of what you want to accomplish before investing.

3. Meet with a Financial Advisor

While you could manage your investments alone, many people are quickly overwhelmed by the prospect of doing so. Experienced financial advisors will listen to your goals and get a sense of your concerns to determine which investments are suitable for your needs. They'll be able to suggest the appropriate funds for the causes you support, help you balance your portfolio to manage risk, and aim to provide competitive returns.

4. Keep Balance in Mind

If you're passionate about social investing, you may want to choose funds that are fully aligned with your criteria for responsible investment. However, it's important to understand that while many options may meet a number of your standards, they could fall short in others. Additionally, your advisor may caution you against investing too heavily in a single area to avoid instability and increased risk. Stay focused on your top priorities, and remember that your own financial well-being is just as important as the causes you support.

Get Started Today

When you're ready to make social responsibility part of your investment strategy, contact HighPoint Advisors, LLC. Our financial advisors will provide personalized guidance to help you pursue your financial goals. Call 315-627-0474 to schedule an appointment and take the first steps toward social investment. Socially responsible investments may experience returns that may be lower than if the advisor made decisions based solely on investment considerations. Investing involves risk including loss of principal. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual....

By admin January 26, 2019 No Comments

Despite findings that suggest women may have an edge when it comes to investing success, other data indicates that a generational lack of confidence continues to deter younger women from investing as frequently as is necessary to work towards long-term financial success on par with male peers. Fortunately, there are plenty of ways to overcome this uncertainty before diving into the world of investment without hesitation, and the HighPoint Advisors, LLC team has collected a few of our favorite techniques.

Begin Your Investment Education Now

Like most financial topics, investment may appear exceptionally complex – especially when you’re starting from scratch. The good news is that there’s a seemingly endless number of learning opportunities that can help you brush up on the ins and outs of investment without becoming overwhelmed with frustrating jargon. Try listening to an investment podcast on your commute, or delve into a beginner-friendly finance blog during your lunch break. Plus, don’t forget to take advantage of any workshops or learning opportunities your workplace may offer concerning 401(k) plans and other investment tools.

Make Decisions with Specific Goals in Mind

If you haven’t started investing, there’s no better way to kick off your efforts than by outlining clear goals that can benefit from your investments. Setting goals can prove invaluable by providing a sense of direction, which may be essential if you’re still struggling to find the confidence to begin investing. Common goals include saving enough to fund your children’s education or reaching a specified level of savings prior to retirement.

Take Advantage of Your Local Financial Advisor

It’s impossible to overstate the advantages an experienced financial advisor can offer an up-and-coming investor. Whereas you may be brand-new to the world of investments, most financial advisors have been around the block, which means they can provide the guidance needed to help you address your financial goals. Likewise, a qualified financial advisor will build a close relationship with you in order to help understand and support your unique goals. HighPoint Advisors, LLC is no exception. Serving residents of Central New York from our convenient East Syracuse location, our advisors offer a comprehensive portfolio of financial services, including highly informed investment advice tailored to help you achieve stability and success. Schedule your appointment by calling us at 315-627-0474 315-627-0474 today. ...