If you are a beginning investor:
- Decide what you are saving for and how much you can afford to invest. Consider dollar cost averaging and increasing your savings each year. Dollar cost averaging is investing a fixed dollar amount over regularly scheduled intervals over time.
- Don’t postpone getting started. The financial cost of waiting could be significant over time.
- Don’t be afraid to ask questions. It is important to understand the risk, objectives and fees associated with your investments. There are also various account types to consider that may offer different tax treatment.
If you are a more experienced investor:
- Review your investment strategy to ensure it aligns with your financial goals, time horizon, and risk tolerance. The key is to try to maximize investment returns at a level of risk that you’re comfortable with.
- Understand what you own and what role each investment plays in your portfolio.
- Consider the impact of taxes, fees, trading costs, and inflation.
The team at Fenimore Asset Management is here to help.
Contact us at 1-800-932-3271 or
Fenimore Asset Management does not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.
There is no guarantee that any of the estimates, targets or projections illustrated in this summary will be achieved. There can be no guarantee that the investment objectives of Fenimore will be achieved. Any investment entails a risk of loss. An investor could lose all or substantially all of his or her investment. Clients or prospective clients should consider the investment objectives, risks, and charges and expenses carefully before investing. You may obtain a copy of the most recent mutual fund prospectus by calling 800-932-3271 and/or visiting www.fenimoreasset.com.
Fenimore Asset Management Inc. is an SEC registered investment adviser; however, such registration does not imply a certain level of skill or training and no inference to the contrary should be made.