How to Organize an Investment Account

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The best time to organize an investment account is when a person has a specific goal in mind. Take the element of risk seriously when organizing an investment account with help from a registered financial consultant in this free video on investing and money management.

Part of the Video Series: Investment Basics
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Video Transcript

This is financial adviser Patrick Munro talking about how to organize an investment account. An investment account can best be organized when you have a goal in mind. It's best to take the stocks that you have, make sure all your research documents are in a folder, make sure that you have a system, really -- a system that is good for you. Some people prefer software computer models to do their research and if that's your way of doing things, then that's the way you would manage your investment account. Other people have a lot of data, a lot of papers, a lot of folders and whatnot, and they have a system as well that suits them. There are many ways to manage your investment account, but one thing that all managers have in mind and have as common successful managers is that the element of risk and how you feel about risk should always be paramount in the management of your investment account because if risk comes calling and you're not ready for it, you can lose hard-earned principle on the account. And that's something that you definitely don't want to do. This is Patrick Munro talking about how to manage your investment account.


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