Invest Your Money

Nancy Doyle is quoted in US NEWS

For Millennial’s, retirement can seem a long way off. It is never too early to start planning. The idea of saving $1 million for retirement can seem like a lofty goal, but it is attainable if you are disciplined. It is also important to use realistic assumptions for returns and keep fees low. Carlson, Debbie: “A Millennial’s Guide to Saving $1 Million” US NEWS See link below: US News

Importance of Maintaining a Sell Discipline

When you make an investment, you rely on an investment thesis. The investment thesis is based on company fundamental attributes and valuation. Why is a particular stock attractive? Is there a catalyst that will improve earnings? Will the company benefit from a changing competitive landscape? Are there operational or regulatory risks on the horizon? Is the valuation attractive? Being disciplined and considering both fundamentals and valuation are essential when investing in stocks. Being undisciplined and only focusing on fundamentals or on valuation could have negative consequences. For some “hot” sectors, exuberance and a “fear of missing out” can elevate valuations across the board beyond reasonable levels. At the same time, there is a difference between buying a stock that is misunderstood or out of favor and buying a stock that is declining in value for a valid reason. Changing Fundamentals A change in fundamentals will have an impact on your…

What is Your Time Horizon?

What Is Your Time Horizon? Different goals have different time horizons. Some are short term—such as establishing an emergency fund—and some are long term, like retirement. Tackling all your savings goals at once is unrealistic, so you should prioritize. The most immediate savings goal is your emergency fund. Experts recommend that you have an emergency fund sufficient to cover six months living expenses. Assets in the emergency fund should be very liquid such as cash in a savings account or in a money market fund. You may need a bigger emergency fund in some circumstances: If you may face hurdles when looking for a new job, such as geographic restrictions or the need for flexibility in terms of travel or work hours. If you have health issues or a dependent with special needs. If you dip into your emergency fund, replenish it as soon as possible. Saving enough for retirement…

Nancy Doyle is quoted in US NEWS article on Emergency Funds

Nancy Doyle is quoted in US NEWS Investing your money starts with establishing your savings goals. Revisiting your savings goals is a great resolution for 2017. Prioritize your savings goals based on the different time horizons — near-term, long-term, and intermediate-term.  Establishing an emergency fund should be a top near-term goal. Carlson, Debbie: Carlson, Debbie: “How to Build an Emergency Fund” US NEWS See link below: US News How to Build an Emergency Fund

Invest Your Money

Invest Your Money is one of the four pillars in Managing your Financial Life.  The others are Get Organized, Analyze your Financial Profile, and Educate Yourself About Investing. The following is a collection of posts that include important guidelines to follow. Please keep checking back as this list is constantly growing!

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