Sensible Investment Solutions
Creating an Investment Plan That Works for You
Investing isn’t just about the numbers or picking the hottest stock. It’s about creating a strategy that makes your money work fits your goals, your comfort level and your timeline.
Whether you’re just staring out or preparing for retirement, we’ll work with you to develop a sensible investment plan that aims to maximize your returns—without maximizing your risk.
Investing Without Fear
Investing money can be intimidating, especially if you’re just starting out. Where do you invest your money? How much money should you invest? Most importantly, is the money you invest safe?
A financial advisor can help you answer all these questions. During our meeting we’ll show you how investing can help you work towards your financial goals, discuss how much risk you’re comfortable taking and walk you through the different ways to invest your money in a way that’s easy to understand. After the meeting, we’ll create a financial plan that’s right for you.
Saving for different goals
When most people think of financial goals, they usually think of retirement.
The truth is, a financial goal is anything you need to save money in order to achieve. Here are some examples of financial goals:
Beginning Financial Goals
Intermediate Financial Goals
Starting an emergency fund
Getting debt-free
Saving for holiday gifts
Paying for a small vacation
Buying a new (or used) car
Saving for a summer vacation
Remodel a room
Advanced Financial Goals
Buy a home
Fund your retirement
Pay for your child’s college
Start a business
No matter what your goals are, we’ll help you create a financial plan that shows you how to work towards them. We’ll also show you different investment options, from high-yield savings accounts to index funds that will help you on your way.
You Don’t Need to be a Millionaire to Invest
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Income products can help you cover health care costs
One of the most common myths about investing is that you need to have a lot of money available to start investing. The reality is, you don’t need much money to start investing. Even if you’ve just started putting money away or are rebuilding your finances after a life event like a divorce, you can still take advantage of investment opportunities and make your money work for you.
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Some good starting investment opportunities include:
Savings accounts:
You can get one of these from any bank or credit union with a small opening account balance, usually around $20. They don’t have a high interest rate, but they’re always a good starting point for the beginning investor.
High-yield savings accounts
Once you’ve put enough money aside, you may want to open a high-yield savings account. These require more money to open, but also give you a higher interest rate. They’re an ideal account for your emergency fund.
Certificates of deposit (CDs)
These accounts require you to lock up your money for a certain amount of time, from a few months to a few years. In return, the bank or credit union will give you a higher interest rate. You won’t be able to access your money without penalty until the CD ends. If you’re saving for a goal, this is an excellent way to grow your money without being tempted to spend it.
CDs are FDIC insured to specific limits and offer a fixed rate of return if held to maturity, whereas investing in securities is subject to market risk including loss of principal.