There is a saying that you should not place all your eggs in one basket. This is true especially when it comes to saving and investments. When you place all your savings in one investment, there is a risk of you losing all of them as well as your returns on investment. This is the reason why for the purpose of retirement and long term planning, you must go in for wise asset allocation.

Investment experts like Linda O Foster in Washington state that there are certain factors that you should take into consideration when it comes to asset allocation. The first factor is your age. This means that if you are young, you are able to take more risks over someone who is close to retirement age. Your risk tolerance is also measured. This indicates that you should incur any losses at a time they should be recuperated. You should also determine whether your assets would grow or produce income.

Linda O Foster is en experienced and skilled financial planner with more than 20 years of professional experience in investments and financial planning. She helps both individuals and businesses with sound investment schemes and financial planning for their future needs. When you meet her for the first time, she will patiently listen to your goals and expectations. It is important for you to always have an investment plan that ideally suits and matches your needs. You should take your individual profile into consideration and never blindly follow friends and relatives.

If you are wise you will invest in the wise services of a skilled investment planner like Linda O Foster. She will guide you through the whole investment process after she takes into account your investment portfolio. If you are a first-time investment planner, she will guide you at every step. She will show you profitable means and plans via which you are able to make your investments and income grow with success.

Linda says that when you are planning for the future, it is important for you to know what your expenses are. It is obvious that you will be saving for retirement. This is why before she suggests a plan for you, she will take into consideration all your costs and expenses first. She always says that preparing and working on a budget is very important.

Linda O Foster suggests that with the passage of time, you should always reassess your portfolio. You may find that your income and fiscal responsibilities may have changed. It is indeed a very good idea for you to reassess your financial position and make the required changes wherever possible. This will also help you to reduce or increase the amount of savings that you make on a regular basis.

Last but not the least, Linda suggests that if you are married, you should also consider your spouse and begin joint savings. This will help cover not only your personal expenses but those of your spouse as well!