Tips and tricks for investing your money - KULR8.com | News, Weather & Sports in Billings, Montana

Tips and tricks for investing your money

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BILLINGS, Mont. -

Today proved once again, it's important to be diversified when it comes to investing.  

Megan Dow from Edward Jones Investments met with KULR-8 to tell you some tips about how to personalize your investment portfolio. 

Dow says there are all kinds of cliche investment statements like "buy low and sell high," but really it comes down to personalizing your portfolio so that it fits your specific needs.

Personalizing allows you to make sure you get to where you need to go. It will also help you feel more comfortable along the way. 

For example, if you need your invested in money in 30 years, your portfolio should look much different than if you needed that money in 12 months. In investment terminology, this is known as your investment horizon. 

Dow says, "Before you ever invest you gotta figure out what am I investing for and most of the time it's some goal you have in mind. You want to retire, do you want to help pay for your kids education; maybe there's a big vacation you want to take and in general there's some point in time that you want to do that and your investment horizon is really just what's the difference between right now and that point in time." 

Dow added that once you have a specific investment goal in mind, diversifying your portfolio will protect yourself from a variety of risky situations you may encounter. 

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