This article was co-authored by Erin A. Hadley, CFP®. Erin A. Hadley is the Managing Partner at Occidental Asset Management, LLC in California. Erin is a Certified Financial Planner with over 10 years of experience in investment management and financial planning. She has a Certificate in Personal Financial Planning from the University of California, Berkeley and is a member of The National Association of Personal Finance Advisors (NAPFA).
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Creating a viable investment plan requires a little more than simply establishing a savings account and buying a few random shares of stocks. In order to structure a plan that is right, it's important to understand where you're at and what you want to accomplish with the investments. Then, you'll define how to reach those goals and select the best investment options to reach them. The good news is that it is never too late to create and implement a personal investment plan and begin creating a nest egg for the future.
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