Plenty of savings, no investing strategy

Jul 9, 2009 | | Posted in Finances Invest


Savings is good. The more you save, the better it is for you and your family. If you can’t pay for something, don’t buy it. Your ultimate goal should be a comfortable retirement for yourself and college for the kids.

Excerpts from the article on CNN

The Aquinos live by a simple rule: “If we can’t pay for something, we don’t buy it,” says Liz, 34. In the eight years she and Tony, 36, a systems engineer, have been married, the couple have socked away more than $400,000.

The Aquinos read stories about hot funds and grabbed them up. As a result, they are now sitting on a hodgepodge of more than five dozen [that's way too many] once-popular funds, many of which own the same stocks.

Some strategies the Aquinos can follow:

In a Nutshell
The Aquinos can sit with a financial adviser and sort things out. If you have saved close to half-a-million dollars, the best strategy is to hire a good financial adviser.

Read the full story “Plenty of savings, no investing strategy.”


Information contained herein is general in nature, and is provided for informational and educational purposes only. Past performance is no guarantee of future results. Talk to your financial adviser.

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Shafi enjoys writing articles on a variety of subjects, paying off debt - at present he is debt free - giving to charities, likes dark coffee, and helping people succeed in their finances and careers. Please Contact Shafi to write for this blog. He also owns How to create your first website.

 

 

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