These are simple ideas to follow when you are allocating your money for retirement and investments. If the money you are investing is something you will want to be able to turn to cash quickly, you are going to want to keep it in a savings account or a money market, so it can be liquidated quickly. If the money you are investing you can do without for five to seven years, you should consider putting it into the stock market. Keep in mind this is a long term investment and should be viewed as such. Do not fret over small drops in price over the short term.
Depending on how long until you will need the money consider the use of treasuries or CD’s if you will not need the money for one to five years. One last thought is to always own stocks, yes there is risk involved, but there is also a large amount of reward to consider as well.
Joseph Leonard is a registered Investment Advisor in North Carolina, author of The Retirement Vault and founder and CEO of the Financial Management Company in North Carolina, Coastal Financial Associates.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment