One of the first steps to investing wisely is to clearly define your investment goals. This step provides the foundation ...

One of the first steps to investing wisely is to clearly define your investment goals. This step provides the foundation of your relationship with a financial advisor. Step back and reflect on your short- and long-term goals, such as funding college for children, business expansion, travel plans or retirement needs. You should identify these goals with your financial advisor so that his or her recommendations will directly address your needs.