See how a well-organized approach can significantly simplify your investment life. Identify what accounts you need and how tools like data aggregation can help you keep track of your financial life.
- If you're like many people,…your money is spread…over several different accounts.…You might have your paycheck deposited to a bank,…but your credit card might be with another bank.…And your investments and retirement accounts…with a completely different company.…Keeping track of your money can be a headache.…But if you want to make the most of your money,…you should keep your eye on your money,…no matter where it is.…Now, moving all of your money to one institution…may look like a practical solution.…It will certainly simplify your life,…but this may not be the best idea.…
Instead, you should look at ways…to digitally link your accounts.…This can be done quite easily through…account aggregators who pull data on all…of your accounts and show them to you…on one account screen.…Every country has different tools to do this.…Do an online search for a digital money…management or personal…financial management tools.…And check out the reviews of these…services in your area.…These services should allow you to see all…of your deposit accounts, credit cards,…
Author
Jane Barratt
Released
12/7/2018- Identify the class of investments with the highest risk.
- Explain the type of attitude to maintain in regards to risk.
- Recall the information typically not included in an account statement.
- Calculate the percentage of a management fee when provided the number of basis points.
- Recognize the types of assets to unload during a downturn.
Skill Level Intermediate
Duration
Views
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Introduction
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Start investing48s
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Get an investment mind-set2m 39s
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1. Investing for Life
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How investing buys options2m 26s
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Manage your risk over time2m 30s
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2. Why Build Your Investment Acumen?
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Live with opportunity cost2m 30s
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3. Move Your Investment Life Forward
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Allocating your money2m 45s
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Budgets: Save and grow2m 43s
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How to select an advisor2m 29s
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4. Read Your Statements and Measure Progress
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Track progress vs. goals2m 26s
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5. Stay on Track: What Are Your To-Dos?
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Annual investing to-dos2m 17s
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What to do in a downturn?2m 40s
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Conclusion
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Next steps1m 22s
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Video: Investment accounts and tools