You want the glitz, the fun, the happiness and the freedom that comes with wealth. Who doesn’t? But what are you doing right now to make your financial dreams come true? A lot of us have the partial picture of saving, but that will only get you so far. If investing isn’t a part of your financial plan, you’re missing a critical piece to take your finances to the next level. Start funding those dreams today by establishing an investment account.
COMMON MISCONCEPTIONS ABOUT INVESTING
You need a lot of money: Not true. No matter how small you start off with, you can start investing today.
You have to watch the stock market: Not true. Working with Registered Investment Advisor can support your with creating a balanced portfolio of stocks, bonds and commodities that they can adjust, as needed, on your behalf to make sure your investment goals are on track to be reached.
You have to wait for the right time to get into the market: Not true. Any well-meaning financial advisor will tell you there is no right time except the present. Even the best of financial professionals can’t beat the market. Your way to success is simply starting and affording yourself as many years as possible to gain compound interest.
Only men invest: Not true. Women are a growing segment when it comes to investing and while they typically take less aggressive approach to investing than men, they tend to have greater returns by sticking with their investments and not trading and reallocating stocks as often as men.
REASONS TO INVEST
Reach your financial goals: You can work with an advisor focused on goal based investing who will establish the best portfolio for your short term and long term goals and help make changes over time, as needed, to make sure you stay on track with reaching your goals.
Create generational wealth: Investing on a consistent basis and meeting with a financial advisor creates financial stability and increases your financial literacy. All things crucial for passing on generational wealth.
Have a secure financial future (Retirement): Contributing to an investment account, starting now, affords you years of compound interest that will keep your money’s spending power on track with inflation when you choose to retire.
Creates a separate stream of income: Draw comfort knowing that in addition to your work income and your company offered retirement plan, you can have another investment account, managed by a skilled investment advisor, where more of your money is growing and adding to your overall net worth.
COMBAT COMMON FINANCIAL PITFALLS
WHEN YOU WORK WITH A REGISTERED INVESTMENT ADVISOR
Living beyond means
We’ll help get real about spending habits, give tips with downsizing and create a solid budget. Keep up with your financial goals, not the Joneses.
Financial Illiteracy
When you know better, you tend to do better. If you’re struggling to understand how to rebuild your credit, the best way to pay down debt, increase your savings or just how to manage your finances better, we can assist you with learning the basics to build upon your financial literacy foundation.
Not having a plan for the future
We’ll support you with learning how to take full advantage of employer retirement plans and/or setting up your own IRA or other retirement vehicles so you find security in your financial future.
Taking advice from nonprofessionals
We’ll help you quiet the noise of those who think they know the best way for you to manage and grow your money.
Not having an Emergency Fund
We admonish all of our clients to establish an emergency fund before we give the green light to invest. An emergency fund signifies you have a cushion and have shown the ability to set aside funds in excess of what is needed for your basic needs. If you don’t have one, we’ll support with finding areas in your budget to contribute more to savings.
