"To be a successful and satisfied investor, you need to have patience, discipline, a long-term vision of what you want to achieve, and an understanding of your personal risk," explained Scott Barr to New Concord Lions.
Barr is a financial adviser from Edward Jones.
"Even though risk is often thought of negatively, by assessing one's personal risk tolerance (aggressive or conservative), risk capacity (based on your financial situation, goals and timeline), and required risk (the higher return desired means the more potential risk you need to take), you can determine the best balance for a comprehensive investment strategy."
Investment choices should be based on this strategy rather than an emotional reaction to the constantly changing market conditions. It is also very important to broadly diversify by not placing more than 5 to 10 percent in one area of your total portfolio.
There is no one 'perfect' investment. The best investment results from study and discussion between the investor and his financial advisor, matching the time frame and finances of each investor, with revisions as a person's life and objectives change. Barr can be contacted at Edward Jones in Cambridge.
In further Lion business:
* The annual sausage sale is coming to a close and Lions expressed appreciation for the community's support.
* Applications for the Lions Scholarship, open to graduating seniors living within the East Muskingum School District, are available at the school Guidance Counselors' Office.
* New Concord Lions were to host the Zone 6 meeting at New Concord United Methodist Church on Feb. 24.
* The Annual Car-Truck-Motorcycle Show is scheduled for Father's Day weekend, Saturday, June 19 at New Concord Elementary - Stormont School Pavilion. For information contact Lion President Terry Requardt, (740) 844-0025.
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