Powerful Investment Strategies for Long-Term SuccessJun 28, 2023
Want to build wealth in your lifetime? Learn about the power of diversification, dollar-cost averaging, and compounding to establish a strong financial portfolio. And be sure to watch the full video at the bottom of this page.
Diversification involves spreading investments across different assets like stocks, bonds, real estate, and sectors such as technology and healthcare, as well as geographical regions.
Dollar-cost averaging means consistent saving and investing over time rather than investing a large amount at once, allowing for a more steady and controlled approach to investment.
Compounding involves reinvesting the growth of your investments over time. While compounding benefits all investors, this is a huge advantage for those who start early in their life and pays off with long-term growth.
Watch this video for more detail on these strategies:
Parallel Wealth Financial Group Inc. is based in British Columbia with offices in Alberta and Ontario. We serve individuals across Canada with their financial planning and investment management needs.