Nurture Your Investments on Earth Day

GRAND RAPIDS, Mich. - April 22, 2014 - PRLog -- Give Yourself a Healthy “Investment Environment”
On April 22, we celebrate Earth Day. In your own neighborhood, you might want to take part in some clean-up activities — hey, we all want to live on a healthy planet! But you might not realize that you can also take steps to improve your investment environment.

One area of environmentalism involves planting seeds or saplings and nurturing them to maturity. You can do the same thing with investments — and a good way to nurture them is to give them time to grow in all investment climates. But how long should you hold these investments? You might heed the advice of Warren Buffett, one of the world’s most famous investors, who says this about his investment company: “Our favorite holding period is forever.” It takes patience to follow the buy-and-hold strategy favored by Mr. Buffett — and it also requires the discipline necessary to keep investing through the inevitable downturns you will encounter. But over the long term, your perseverance may well be rewarded.

Here’s another move that can help your own investment environment: Avoid “toxic” investment strategies. Plenty of these bad strategies are out there, but one of the most common is the endless pursuit of “hot” investments. Why shouldn’t you purchase an investment whose price has soared? First, by the time you’ve heard about this “sizzler,” it may already be cooling off. But even more importantly, it just might not be appropriate for your risk tolerance and your long-term objectives — and no amount of “heat” can compensate for this shortcoming.

Earth Day is here, and then it’s gone. But the lessons of environmentalism can help you, as an investor, far into the future.  For more infomation contact Mark Grooters at 616-281-9026 or online at https://www.edwardjones.com/en_US/fa/index.html&CIRN=431114