- How can I start investing for my retirement?
- How can I plan for my children's education?
- How do I develop an investment strategy that supports my lifestyle?
- I have money to invest. Where do I begin?
- As a business owner, how do I plan for my own and my employees' needs?
- How can I lower my tax bill?
- How can I ensure the financial security of my family?
- How can I ensure that my wealth is transferred to my loved ones?
- How can I manage my short-term needs while maintaining my long-term financial goals?
CHOOSE BY LIFE EVENT
HOW WE APPROACH YOUR NEEDS
How do I develop an investment strategy that supports my lifestyle?
We're all striving to maintain a comfortable lifestyle. The difference is how each of us defines "comfortable." Perhaps you're paying for your child's wedding, investing in a second home, buying a boat, or want to do some traveling. And chances are, you have more than one of these goals and are realizing how difficult it is to save for all of them. Investing can be a financial juggling act, and you don't want to drop anything that's important.
First, two words: don't panic!
We know it can be overwhelming to try to balance your goals - which makes it that much easier to put off saving for them. But we also know that, with the right investment plan, it can be possible to live how you want today and also save for your future.
Identify Goals
The first step is identifying your specific goals. That way, you have a better idea of how much you need and when you need it. And we can't stress enough: The earlier you start planning and investing, the greater your potential returns may be. For example, if you were to invest in the market for one year, your chances of making money would be 66%. But if you were to stay invested for 10 years, your likelihood of making money would jump to 89%.* That's the power of time in the market.
While our philosophy at Edward Jones is based on investing for the long-term, you will also want some liquid assets for your foundation needs, such as shelter and food. Supporting your lifestyle is not a need in isolation of others; by looking at the big picture, you can help to ensure that you're saving for both your basic and lifestyle needs. You can learn more about our hierarchy of needs by clicking here.
Get Started
Of course your situation is unique, and factors such as how much time you have to invest and your risk tolerance will shape your investment strategy. Contact your local Edward Jones financial advisor who will be happy to talk with you one-on-one and provide a complimentary portfolio review. This can help identify and prioritize your financial goals and track your progress toward achieving them.
*Source: Bloomberg, Edward Jones; S&P 500 index 1927 - 2003. S&P is an unmanaged index and cannot be invested in directly. Past performance does not assure future results.
