The investment game is not a sprint — it’s a marathon.

Practicing patience is an important, if sometimes forgotten, virtue when it comes to investing. Many people want to see their money grow instantly, whether it’s because they are desperate or simply because they are impatient.

But unfortunately, that’s not how it always works. Investing takes not just patience, but practice, in order to get the most bang for your buck without compromising all of your hard work.

When it comes to long-term investing strategies, there are a number of tactics you can pursue in order to set yourself up for peace of mind and financial bliss in the future. In the end, isn’t that what we all want?

In this blog, we’ll point out a few of the best long-term investing strategies that every hard-working professional should take into consideration.

From starting early to putting your savings into a stable lifetime annuity like the Fixed Income Fund, there is no shortage of ways to set yourself up for success.

Keep reading to learn more and contact Tactical Wealth today for financial advice and investment planning you can count on.

Start Sooner

You may think that you’re still too young to start saving for retirement. You may think that investing is only for people who are well-off and in the prime of their careers.

These are common misconceptions that can actually cause you to miss out on hundreds, thousands, or even tens of thousands of dollars.

If you’re among those young professionals who says “I’ll start in five years,” then pause for just one second and consider this: experts suggest that you should be saving around 10-15 percent of your annual salary for retirement; that is, if you want to enjoy a similar lifestyle.

That’s why the sooner you start, the better off you will be. Take advantage of things like employer-sponsored 401K plans, Individual Retirement Accounts (IRA), and even low-risk investments like bonds and annuities.

Better Budgeting

One thing that stops many from saving a comfortable “nest egg” for retirement is the fact that they don’t plan accordingly.

Often times, particularly when we are younger, we tend to be a little more loose with our monthly income — spending on things that are more “wants” than “needs.”

But with a stricter budget, you can set yourself up better for retirement.

Weigh the pros and cons of that new pair of shoes vs. an extra $200 toward your retirement account.

Consider how much money you are spending on monthly subscriptions vs. how much you will need when the income is no longer rolling in.

Things like this can put your need for savings into perspective quickly.

Diversification Matters

You’ve surely heard the cautionary tale about putting all your eggs in one basket. The same thing goes for your long-term investments.

Thinking that just one investment, be it a 401K or an annuity, is going to take you all the way to the promised land of financial bliss is irresponsible and naive.

Be sure that you are making investments that protect you against risk but also provide the right amount of upside. Mix and match between stocks, bonds, annuities and even real estate holdings.

Set For Life

When it comes to making sound investments for the future, it’s important that you choose a strategy that will set you up for life.

Lifetime annuities are investments that provide monthly, yearly, or quarterly payouts for life. That gives you the peace of mind, along with the financial freedom, you need to thrive before and throughout retirement.

The Fixed Income Fund from Tactical Wealth is similar to a lifetime annuity in the sense that it provides high interest payouts for however long you want — whether it’s 10, 20, or even 30 years. Learn more about how the Fixed Income Fund compares to annuities and get started today.

Get Help

Planning for retirement, no matter what stage you are in, is not always as easy as it seems. That’s why it’s important to get the help that you need.

At Tactical Wealth, we will listen to your financial goals and take them into consideration. Whether you’re looking for lifetime annuities or Social Security optimization, we can help.

Contact us today to discover a better way to invest.