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Asset Allocation

Asset allocation means that you are putting your money in different places. You do this by diversifying your money with different types of investments like stocks, bonds, and mutual funds.

You buy these investments, then sell them for profit when you need the money or think it's a good idea. This can help reduce your risk. If one investment loses money, you have another one that could help. It’s a good way to give yourself some breathing room.

Here are some things to think about:

  • Your feelings about risk: Are you someone who likes to take risks (aggressive) or are you someone who prefers to take few risks (conservative)? You need to consider this when you choose your investments.
  • Your goals: What do you plan to do with that money once you sell your investment?
  • Your time horizon: When do you want to sell your investment? Will your investments have more value or less value at that time and will it be a good time to sell?
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Thanks for this tips. After all, it's always beneficial to save enough money for the future. - Dony McGuire