Risk is one of the key variables to consider when you are building a financial plan. Over time, there are many people who lose money because they do not take on enough risk in their portfolio. If you put all of your savings into a bank, you are earning very little interest on your money.
This is something that a lot of people do not realize until it is too late. Brian Bonar is someone who encourages a lot of people to invest, no matter what their current financial position is. If you are young, you can afford to take on more risk in your investing. However, if you are close to retirement, you should scale back on your investments. A lot of people are starting to learn the hard way about investing.
Brian Bonar runs a financial planning firm out of San Diego. During his time in business, he has helped a wide variety of people with their personal finances. A lot of people do not realize how much he can help them with their finances.
If you are someone who wants to start investing for the future, he is a great person to get advice from. He knows the steps that you need to take in order to have success over the long term. For many people as they get older, it is about changing the allocation in their portfolio. If you are someone who wants to get more creative, investing in gold can be a great hedge against bad economic times.
One of the oldest asset classes to invest in is gold. If you want to reduce risk in your portfolio, investing in gold is a great way to accomplish that goal. A lot of people simply do not realize how risky it is to have all of your eggs in one basket. If the economy goes down, you will not be able to recover without a hedge in your portfolio. As a general rule, the stock market and gold go in different directions. This means that if there is a crash, you will be able to have some sort of floor that prevents you from having your finances out of order.
According to Crunchbase, Overall, Brian Bonar has helped a lot of people with their finances. One of the best ways to accomplish your financial goals is to invest in the right asset classes. A lot of people have the wrong asset allocation within their portfolio, and this causes a lot of issues down the road. Brian Bonar has done a great job of planning out various scenarios for people to work through over time.