Friday, January 28, 2022, 1:22 PM

Nils Larsen manager of financial portfolios explains how to set investment goals. 

LOS ANGELES, CA / JAN. 28, 2022 / Setting investment goals is an essential part of the investment process, according to Nils Larsen manager of financial portfolios.

“We develop financial goals very early in our lives, and those goals transform as we age,” Nils Larsen said. “The goal to purchase a car may transform into the goal to purchase a house, and eventually a goal to retire comfortably. Investment goals set the foundation for all of your investment decisions.”

Defining Investment Goals

The first step in setting obtainable investment goals is to define what those goals are.

The following are a few examples of common investment goals:

• Planning for a family
• Saving for education
• Creating an emergency fund
• Planning for major life vents (a major vacation, wedding, etc.)
• Planning for retirement

Retirement is one of the most common investment goals. Investors to create a comfortable retirement fund are encouraged to start investing as much money as possible as early as possible. 

The SMART Qualities Test

Experts like Nils Larsen manager suggest passing financial goals through the “SMART” qualities test before setting them in stone.

• Specific: Investors need to focus on one or a few clear goals instead of a large, general goal.
• Measurable: Progress in reaching the goal is easily traced and recorded.
• Achievable: The goal should be within reach. 
• Realistic: An investment goal should be achievable given the individual’s current financial situation.
• Time-based: Every investment goal should include a timeline for completion. 

Create a Strategy 

One of the most important aspects of setting investment goals is to create a viable strategy. An experienced financial portfolio manager can help you create a strategy that will help you reach your goals on time. 

Financial experts use several common strategies to help individuals achieve their goals.

Financial Growth

Financial growth is a common investment goal. Individuals with short investment timelines need to use different investment strategies to achieve growth than individuals with longer investment timelines. 

Wealth Preservation

Individuals who have already acquired wealth often want to focus on preserving that wealth for their future or future generations.

Maintaining a Lifestyle or Improving It

Individuals often seek the help of a financial professional to improve or maintain a certain style of living. Some are happy with the material items and assets they have, while others are seeking help to lead a bigger, better, or even more relaxed lifestyle. 

Determine Short and Long-Term Goals

Not all investment goals are treated the same. A financial portfolio manager will help investors determine goals that are possible to achieve in the short term and others that will take longer.

A common short-term goal is to create an emergency savings fund, while a common long-term goal is to save for a child’s college education or personal retirement. 

Nils Larsen Manager of Financial Portfolios

Nils Larsen is a financial portfolio manager with decades of experience in the industry. His expertise in risk tolerance, goal setting, and other aspects of investing has helped countless individuals and families reach their financial goals. 

Kevin Mulleady Discusses His Perspective of Leadership

Being a leader has always been a balance between taking the reins and letting other people get their job done. Kevin Mulleady explains more about what that looks like for him in practice and why it’s so important for other leaders to get it right.

Coming from the Top

There’s a quote by investor Ray Dalio that has always stuck with Mulleady: “Understand that you and the people you manage will go through a process of personal evolution.” This process that Dalio refers to encompasses everything from communication to objectives, and it’s one that needs to be watched and nurtured for as long as a leader is at the top.

It’s this approach that will help all directives come through correctly, in ways that don’t make employees feel undervalued or otherwise unappreciated. It also helps employees stay flexible. Without that enforcement, it would be easy to get into a standard routine as a professional. However, the best companies are always adapting to new demands.

At Altru-Sciences, Kevin Mulleady’s new venture, the employees are trying to get effective pharmaceuticals into the hands of patients who need them. With the stakes that high, everyone in an organization has to be able to stay on their toes. If everyone is on board and ready for changes, it makes it far easier to handle the unexpected shifts that all businesses inevitably face.

Giving People Confidence

At the end of the day, few people want to be micromanaged. If they have a system that works for them and they’re getting the job done, they might reasonably prefer to be left alone more often than not. Yet the leaders who are too hands-off will also yield complaints, particularly when employees feel like they don’t understand what they’re attempting to accomplish.

For Kevin Mulleady at Altru-Sciences, there’s a push-pull that comes down to giving people confidence to take care of their to-do list. This starts with giving employees a cause for their work. Luckily, Mulleady’s pharmaceutical focuses on patients with unmet needs, a worthy goal that can help the people under him push through any number of challenges.

From there, he inspires people to believe in their own abilities so they can push themselves to new heights. This isn’t about putting in extra hours, but about using those hours as wisely as possible. He advises other leaders to focus more on the ratio between productivity and stress. If people are working more but they’re producing less, this is a clear red flag. Similarly, signs of burnout — even when accompanied with higher levels of productivity — could be just as devastating to the long-term survival of the company.

What Mulleady wants to see are employees who feel empowered to make their own decisions, but not because there’s no oversight from the people above them. This is a collaborative strategy that can result in some of the best initiatives a company ever has.

The Beginning of Altru-Sciences: Learning from Following

Kevin Mulleady may be the founder and cofounder of several companies but that doesn’t mean he never had to work for someone else. Learning the art of following is where all real leaders begin. Sometimes, you can learn more from other people’s leadership than you can from personal experiences. When you follow someone, you’re in a unique position to watch what another person does in ambiguous situations.

This isn’t about judging someone else’s actions, but merely about understanding what drives different decisions and why. There are exceptional leaders out there who understand the impact of how they treat their team. There are also ineffective leaders who would prefer to turn a blind eye to their style and blame their employees for each and every failure.

Most fall somewhere in between, and it’s the follower’s job to decide where they fall and why they would do things differently if they were in the same position. Altru-Sciences started with the lessons that Mulleady learned, and enjoyed its success due to the careful balance of leadership instilled in the company.

Striving for success online starts with a capable website.  You need your website to establish a digital home base for your business, and a well-designed site will help your operation connect with customers online.  

If you’re doing the design work in-house, it’s wise to research the elements that make the most pivotal impact on the success of your website.  Start learning now, and read through a brief compilation of tips for a successful business website design.  

Simple navigation is crucial

If you want a business website that is appealing to users, then you have to make it easy to use.  People won’t spend their time trying to figure out how to work your site.  Design for ease of use, and start with simple navigation. 

A standard stationary navigation bar along the top of your pages will feel familiar enough to users.  This home improvement site with design ideas presents a perfect example of stationary navigation at work.  

Design for mobile access 

If you’re designing for success, then you need to know that mobile users dominate the traffic online.  Mobile is the most used method of accessing the internet today, and your site design will be well served to reflect the trend with mobile optimization. 

Mobile optimization starts with speedy loading.  A laggy website won’t really work well on a mobile phone.  Keep your content light and fast, and you’ll do better with mobile users.  

Add social media

Weave elements of social media throughout your business website design as well.  Social media is a wonderful outlet for visibility online.  Using your website as a simple sharing portal for users can help your business gain exposure with the right audiences.  

Social media sharing icons are a valuable addition to your design.  Add the sharing icons to your blog posts, your home page, and even your contact page to encourage passing users to share the information they find with friends and family via their social media profiles.  

Communication is important 

Communication is super important when you’re working to gain visibility online.  When users feel heard, they are more likely to keep corresponding with your business.  Build rapport with online consumers by designing your pages for clear communication.  

A capable contact page will provide several different ways for people to contact your business, but feel free to add other elements throughout the design of your website.  

Invest in proper analytics 

Once you have your pages all put together, it’s important to test them for efficiency.  Invest in proper analytics, so you know your website can deliver on its promise to perform for users.  Google Analytics is a great place to start your journey to true optimization of your website design.  

Gifting has aided in the definition of relationships and the strengthening of bonds between family and friends. A simple act of giving can have a significant impact on someone’s life. Choosing gifts for family and friends or corporate giftsmay appear to be a difficult task. However, if you know the receiver’s personal preferences, it is simple to select gifts that will enchant him or her in every way.

Many people struggle with deciding what kind of gifts to give. When gifting, it is critical to consider the recipient’s various wants and needs. It can be a simple gift that will put a smile on your loved ones’ faces.  When words fail, small gestures will stand the test of time. Customized gifts online can help by providing you with a wide range of gift items that you can order online from the comfort of your own home.

Whether its customized birthday gifts or customized corporate gifts, make that day one to remember.

The following are some of the reasons why customized gifts make excellent presents:

•          Adds a customized touch

Customized gifts are wonderful to give because they are heartfelt. These gifts have become popular in recent years because they are one-of-a-kind and can brighten any occasion. On gift items such as wallets, notebooks, pens, and lighters, you can have your recipient’s name engraved, embossed, or printed. It conveys to the receiver that the sender has spent a significant amount of time and effort in selecting that special gift to be treasured forever as a token of love and memory.

•          Perfect for all

Everyone desires to purchase the ideal gift. Customized pens or customized notebooks will improve personal connections between employees and clients if they are given as corporate gifts during the holiday season. Corporate gifting is an excellent way to express your appreciation.

•          Establishes strong bonds

Customized gifts are thoughtful presents that add a personal touch. Gifts express genuine emotions and express gratitude to the recipients. You can make that occasion memorable by giving your employees a customized gift. The gifts are not only remembered for the rest of one’s life, but they also help to build strong relationships. Allow your gift, inscribed with a personal message, to evoke strong emotions, demonstrating how much you love and care. These are the most important points for customization in gifts.

Cryptocurrency is a dubious digital asset designed to act as a cryptographic medium of exchange to protect your transactions, additional monitoring devices, and asset transfers. Decentralized governance rather than a centralized electronic money system and central banks. Some activities not to do when it comes to this type of trading are to participate simply because everyone else is doing it blindly. A little research on major currencies and a little deeper understanding of buying and trading can go a long way. Great points to help traders do well in cryptocurrency trading

Take some time to understand how blockchain works.

To fully understand how it works, you need to realize that “blockchain” is not a new technology; it just uses the technology in a slightly different way. Its core is a graph of data known as Merkle trees. Merkle trees are essentially ways of storing computer systems in chronological order of “versions” of a data set, allowing them to manage continuous updates of that data. It is essential because today’s “data” systems can be described as “2D”, which means they always have an underlying dataset. The data is kept completely as is, with any updates applied directly to it. It creates a problem because the information needs to be updated manually or is challenging to correct.

The solution that blockchain provides is essential “versioning” of data. Each “block” added to a “chain” (“chain” is a database) provides a list of new transactions for that data. If you can link this functionality to a system that facilitates the trade, you can create a completely independent system. While no one person can claim to understand everything about blockchain, learning a few basics will make your operations that much easier.

Know and study the most popular currencies

The virtual currency space is filling up due to how popular these coins have become. The fact is that today there are more ADAX cryptocurrencies, which means that you need to know which are the best and the most popular so that you can choose your purchase and sell correctly based on profitability. Ensure you research more about the currency that interests you.

Remember the inherent risks.

Public opinion about a coin can affect its price. What goes up will fall, so be careful with your trading moves. The higher the risks, the greater the reward, but also be prepared for losses. Regardless of the cryptocurrency you choose, the best thing to do. There are many rewards for the enthusiastic trader.

At the end

An important blockchain press release can help you make the right decisions for your operations. You can sign up or access excellent platforms to get the latest press releases important to your craft.

Our house is our sanctuary, more so during this lockdown. However, every time you bring something from a grocery store or from anywhere, there are chances you are bringing the disease home. Even if you clean your packages and groceries usually, you might want to do some extra disinfecting since the virus takes some time to die.

We are still unsure about the time a virus can live on some of the surfaces, which is why it becomes more important than ever to be aware of the potential risk you bring home every time you go out. Manage your property well; going through https://www.rent.com/blog/how-to-clean-and-disinfect-items-you-bring-in-your-apartment/ may help.

When coming back to home

Ideally, one should not leave the house while being quarantined. But if you need to go out to buy essentials, then follow these tips.

1. As soon as you come back home, keep the objects that you are carrying on a designated surface.
2. Immediately, wash your hands from any soap for twenty seconds.
3. Shower and change your clothes to make sure you are clean.
4. Using disinfectant wipes clean all the objects that you just brought home. Make no exception, include your glasses, phone, key. Then clean the area where you placed these objects.
5. Next, disinfect all the doorknobs you touched when you came back home. It is essential because you don’t even realize how often you touch doorknobs.

When you have a guest home

Now, ideally, to avoid every kind of exposure, you should not have any guests at your place. But if you need to have someone to say an emergency repair, then it is essential to follow this disinfecting procedure:

1. Clean all the doorknobs they touched using disinfecting wipes.
2. Ask them to wash their hands and disinfect every object they have brought with them.
3. As soon as they leave, wipe everything they came in close contact with, pay special attention to the furniture and appliances.
4. Wash your hands using soap for twenty seconds.
5. Again after they leave, wipe the doorknobs.

When receiving a package

You wouldn’t even think twice, and you would bring that recently delivered package inside your house. These are the objects that have been touched by so many people, and they are potential secure carriers of the virus, which is why it becomes imperative to disinfect them.

Follow these steps to disinfect your packages –

1. Immediately discard all the unimportant emails, and keep the essential mails separately. Don’t open anything for at least twenty-four hours. If you have been delivered a box, then remove the cardboard packaging and keep aside the object.
2. Wash your hands properly with a bar of soap for twenty seconds.
3. You may want to wipe the contents of your package.