Informed decision-making, not following trends, is key to smart investing

When it comes to making investments, it can be very easy to want to invest in a high-profile opportunity, such as SpaceX’s upcoming public offering.

However, it’s very important for investors to assess factors such as fundamentals, risks and long-term implications, rather than acting on hype or urgency.

“People associate SpaceX as like, ‘Hey, this is a once-in-a-lifetime opportunity. This new IPO is going to be a once-in-a-lifetime opportunity.’ I promise you, though, there’s always other opportunities,” president and founder of Bright Wealth Management Matt Dages said on The Bright Wealth Management Show.

“And soon they’re going to start reporting to the public every quarter. You are going to see probably other buying opportunities.”

Adopting a patient mindset and practicing discipline rather than investing is key when it comes to assessing personal financial goals and building long-term wealth.

Additionally, minimizing emotions is best for creating financial longevity. It can be easy to make a trendy investment due to fear of running out of money, especially for those planning for retirement. However, mapping out factors in retirement planning such as taxes, inflation, healthcare costs and market volatility can be helpful in order to save money.

Where to turn to for investment and financial planning advice?

Bright Wealth Management is the place to go for all of your investment and retirement planning needs.

Bright Wealth will assess your portfolio to personalize your financial plans, while also mapping out factors such as taxes, income, investments and future expenses. They will help you calculate taxes using the Bright Wealth tax calculator, ultimately saving you money.

Receive a complimentary written retirement plan or call 480-866-0044.

The Bright Wealth Management Show with Matt Dages airs Saturdays from 1 p.m. to 2 p.m. and Sundays from 3 p.m. to 4 p.m. on KTAR News 92.3 FM. 

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