David Garnier of Dartmouth, Nova Scotia – Tips to Diversify Your Investment Portfolio

David Garnier of Dartmouth, Nova Scotia, is an experienced financial professional who serves as Vice President within CIBC (Canadian Imperial Bank of Commerce) Wood Gundy. He also holds a role as portfolio manager. Among the many tips that professionals like Dartmouth, Nova Scotia’s David Garnier give clients are portfolio diversification guidelines.

Diversifying your portfolio increases financial security, improves your returns and can help you meet your long-term goals. Common tips you might receive from a portfolio manager include:

  • Understand Your Fees – Whenever you trust your money with a new financial institution, make sure that you understand the fees that you are agreeing to. Some companies charge monthly fees, others charge yearly fees and others charge transactional fees; ask about what you’re paying for and remember that cheap doesn’t always equal good.
  • Know When to Exit – Stay current on what is happening with the companies and organizations that you invest your money in. It’s important to keep track of the forces at work and to know when something is going under so that you can exit in time.
  • Regularly Increase Investments – Lump-sum investing isn’t often the best strategy. Instead, continue to build you investments each year by regularly putting money into a portfolio of stocks or funds of your choice.
  • Consider Bond and Index Funds – Add fixed income investments like index funds or bond funds to your portfolio. These long-term investments diversify your portfolio and help protect against market volatility.

If you’d like assistance managing your financial portfolio, contact someone like Dartmouth, David Garnier Nova Scotia for aid. These professionals can show you what needs to be done with your portfolio and help you do it.