Don’t Let Investments Take a Vacation – EDWARD JONES

Written by on June 3rd, 2024


Summertime is almost here — and for many people that means it’s time to hit the road. But even if you decide to take a vacation, you’ll want other areas of your life to keep working — especially your investments.

Here are a few suggestions for doing just that:

First, check your portfolio’s performance periodically, but don’t measure your results against a market index, such as the S&P 500. Instead, use your own benchmarks, such as how well your portfolio is moving you toward your goals.

Also, invest with a purpose. Follow a long-term investment strategy that reflects your goals, risk tolerance, asset accumulation needs, liquidity and time horizon.

One more idea: Invest strategically by matching some investments with specific goals. For example, your IRA and 401(k) are designed for retirement, but if you want to help send your kids to college, you might consider a tax-advantaged 529 plan. For a short-term goal, such as a wedding or a long vacation, consider an investment that offers significant preservation of principal.

By making those moves appropriate for your situation, you can keep your investments doing one essential task — working hard for you.

This content was provided by Edward Jones for use by your local Edward Jones Financial Advisor, Casey Caliva, at Historical 30th & Fern. 

Address:  2222 Fern St., San Diego CA 92104
Phone:  619-516-2744