Ten Tips for Sensible Investing

                       To make the most of your investment

                        dollars, consider these 10 tactics:


#1. Start setting aside a portion of each paycheck. No matter how young or how old you are, the time to start investing for your future is NOW.


#2. Park your savings in an interest-earning account until you’re ready to take the plunge into putting your money into riskier, but more profitable, places.


#3. Put some of your savings in a special emergency fund until it adds up to about six month’s income.


#4. Keep your emergency fund in safe, yield-earning vehicles, letting those dollars grow until you need them. Ask an advisor to recommend liquid investments that you can easily withdraw as needed.


#5. Find a knowledgeable, certified financial planner to help you build a diversified nest egg with more than one type of investment. The best advisors don’t try to sell you anything. They just want to help you find the right investments for your situation.


#6. Learn as much as you can about investing for wealth. Read how-to books, listen to radio broadcasters, such as Dave Ramsey or Suze Orman, while driving to work. Watch business TV (MSNBC, CNBC or Bloomberg Television). Follow financial gurus and bloggers on Facebook and other social media sites.


#7. Shop around for the best financial deals with as much determination as you put into buying a new car. Rates of return on investments vary. As little as a quarter percent can make a big difference.


#8. Consider the installment plan. Ask your financial advisor to find investments you can build on by buying shares in small monthly amounts. As little as $25, $50 or $100 per month adds up over time.


#9. Plan to keep most of your investments where they are for the long-term. Five years or more is a good rule of thumb for stocks and bonds. You’ll never be well off if you keep cashing everything in too soon.


#10. Don’t panic and sell investments at less than they’re worth when the market is sluggish or down. Economic times can be volatile, but have always bounced back – even after the 1929 and 2008 crashes.


Final Note: Be smart and save. Put a small percent of your salary to work for you by investing it wisely.



Manage Your Money . . . helpful financial facts provided for you by Advancd Asset Management LLC                         

Follow our blog at www.aamllc.com           Ronald Van Surksum, CFP     4555 Wilson Ave SW – Suite 2           Grandville, MI 49418

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