What do I need to know before following a trend?

On today’s episode of Money on Your Mind we are answering the question “What do I need to know before following a trend?” There are so many factors to consider and we have ALL been influenced by trends over the years. Whether it is a fashion trend, a workout or diet trend, or financial trend. Today we are talking about the financial trends. I would have you ask yourself the following quetions:

What is your risk appetite?

What are you comfortable with?

How much are you willing to risk before getting a return?

You need to understand how quickly can you get out if you get in.

Lastly, don’t put all your eggs into one basket! What does this mean?

Disclaimer: We will not be delivering direct advice to your financial situations. These segments will be made available as educational resources for you to take back to your personal board of directors – financial planner/advisor, accountant/tax preparer, and/or attorney.

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