About Magazines Conyers - October 2017 | Page 17

D eclare Y our VOLATILITY F inancial DOES MARKET i nDepenDence D aY SCARE YOU? article WAS was written by Edward Jones JONES for THIS This ARTICLE WRITTEN BY EDWARD FOR USE CALLAWAY, FINANCIAL ADVISOR use BY by BRIAN Brian Callaway, Financial Advisor H re getting close to the Fourth is of almost July, upon when us. we Of worth is of expenses, you from can an use unbiased, to pay alloween the living source? Does this which tip come night, knowledgeable individual? not, you reason ebrate the freedoms we course, enjoy on in Halloween this country. The you unexpected costs such as a If major car have repair or a to see of a these parade liberties, of monsters, Even important, though, you . constitution grants us may many but large question medical its bill. value. Ideally, you more should keep this money demons, and ask if the account, hot stock so is appropriate for your have to earn others – such as our Transformers financial freedom. in a need liquid, to low-risk you can access the D the eclare our F inancial other by your Y goals risk tolerance. If not, from it’s not so hot. at steps can frightening you take individuals to achieve stopping financial funds needs, quickly and and without penalty. Aside possibly i nDepenDence D aY taking on too much – or too little – house, exercising their right to demand candy. Avoid ependence you need to reach your long-term This goals? helping you control your debts, an emergency fund also article was written by Edward Jones for Fortunately, their appearance will be unlikely to If you feel the need to push your portfolio toward use by Brian Callaway, Financial may risk. enable you Advisor to avoid dipping into your long-term starters, always work to build your cause you unpleasant dreams. But resources. some people the maximum possible returns, you might invest too investments to pay for short-term needs. which you can use to pay We’re to getting the such Fourth of aggressively July, when we and worth of on living too expenses, ntribute seem as much as you your close IRA to and to have real can fears afford about other things – take much risk. Conversely, celebrate the freedoms we enjoy in this country. The unexpected costs such as a major car repair or a Thus only discussed achieving your financial as what may employer-sponsored happen in the financial markets. One r 401(k) or other retirement if far, you we’ve are determined to avoid any amount loss, U.S. constitution grants us many of these liberties, but large medical bill. Ideally, you should of keep this money to keep those at to earn avoid certain through methods saving and investing. at any time, you invest so conservatively that we bay have is to to earn others your – such as freedom our financial freedom. in might a liquid, of low-risk account, so you can But access the n. At a way minimum, put fears in enough What steps you take to achieve the need financial to consider funds quickly and without to penalty. Aside achieve from such as the following: your portfolio won’t grow enough help you you also your protection needs, too. possibly ployer’s impulsive matching moves, contribution, if one is can offered. independence you need to reach your long-term goals? helping you control your debts, an emergency fund also Avoid ducking out match, of the market goals. need a to strike injury, a balance were long-term to become ill or You suffer serious and ou don’t take advantage of this you are – If you your For starters, always work to build your resources. may enable you to avoid dipping into your long-term Consider this: In March 2007, the Dow Jones between risk and reward that is appropriate for you, investments to pay for short-term needs. you could not and work for a while, your financial security entially leaving money on the table. Contribute as much as you can afford to your IRA Industrial Average stood your at about 12,275 points. and you need to make investment choices suitable Thus far, we’ve only discussed achieving your 401(k) or other employer-sponsored could be retirement jeopardized. Your employer might offer you financial le how Exactly much two you years invest later, is an in plan. the essential factor aftermath in in enough through methods of saving and investing. But At immediate a minimum, put to your earn individual your freedom for risk tolerance. disability insurance you as also an employee benefit, but it may need to consider your protection needs, too. employer’s contribution, ning your financial freedom, how you had matching invest of the financial crisis, the Dow fallen your to about if one is offered. Avoid owning too many of the same you were to become ill or suffer a serious injury, If you don’t take advantage of not this be match, you are for If your enough needs, so you might need to and ney is 6,500 equally – a important. So and make sure you have drop of 47% the Dow’s lowest point If you lot for of a one particular could own not a work while, your financial security essentially leaving money on the table. investments – you purchase some additional coverage on your own. And jeopardized. Your employer might in 12 years. By that a lot accounts. of people had gone financial asset could downturn affects that offer you icient growth potential in time, all your While While how much you invest is an essential factor in and a be market to help ensure your disability family’s financial you’ll also insurance as security, an could employee benefit, but it may to the investments, investment sidelines. So, your what they asset class your portfolio suffer. financial freedom, how you invest your strongly, wth-oriented such gaining as stocks and did stock- not be enou gh for your needs, so you might need to need sufficient life insurance. money is equally important. So make sure you have miss? Depending on how risk, long they out But if you spread your investment dollars among ed vehicles, carry investment you stayed can help sufficient growth potential in all your accounts. While purchase some additional coverage on your own. And of the market, they may have missed some, or You domestic and international stocks, bonds, U.S. to help to ensure your family’s financial from security, the you’ll also also and might protect yourself derate this risk by also including growth-oriented other investments, investments, such as stocks stock- want need sufficient life insurance. perhaps most, of one of the longest and strongest Treasury securities, certificates of deposit (CDs) and based vehicles, carry investment catastrophic risk, you can help costs of long-term care, such as an h as bonds. You also might want to protect yourself from the moderate this risk eight by also including other bull markets in history, because, just years so investments, on, you may home not be as susceptible to a downturn, extended nursing stay. average annual catastrophic costs The of long-term care, such as an such as bonds. ther way to the gain Dow your had financial is a to gain cost because later, soared independence to almost 21,000, different types nursing of investments perform extended home stay. is often The average annual for a private room in a nursing home more than Another way involve to This gain your financial independence is to cost given rate yourself the shackles of does debt. isn’t of 223%. from Of course, investing the risk differently at any time. room (Keep mind, though, for a private in a in nursing home is more than $92,000, according to the 2016 Cost of 2016 Care Study liberate yourself from the shackles of debt. This isn’t $92,000, according to the reduce Cost Care Study of losing principal, is easy, no guarantee the of us have that while diversification can help the of effects ays easy, of course – most and of there us have experienced always of course – most issued experienced by the insurance And And issued by company the insurance Genworth. company Genworth. will perform as it times has in the of market it can’t guarantee profits or when our past. cash However, flow sufficient volatility, to Medicare es when market our cash flow simply wasn’t sufficient to simply wasn’t generally a small percentage generally covers only a covers small only percentage meet our out expenses, so we had Medicare to take protect on some type of all it’s fair to say that if you duck of the market against losses.) these expenses. You may want to consult with a et our expenses, so we had to of take on some type debt, either through a credit card or a loan. expenses. But the of these You may want to learn consult with a during its lower points, you might not benefit from No matter what financial you do, professional you can’t to take all about the ways you can more or you control the more money you’ll protect ebt, either through a credit card a can loan. But your the debts, financial yourself from the long-term care professional to learn about you burden. can the gains that may follow. out of investing. But by ways understanding have to save and invest for your future. uncertainty e you can control your debts, the more money you’ll protect yourself from By following these suggestions, you can go a long way the long-term care burden. Avoid chasing “hot” stocks – By the market volatility and the composition of your One way to manage your debt load is to build an toward declaring your own financial independence. e to save and invest for your future. emergency fund, six months’ time you hear about a supposedly “hot” containing stock, it three to portfolio, you can invest with more Consider taking action soon. confidence. By following these suggestions, you can go a long way e way may to manage your debt off. load Also, is how to build an already be cooling trustworthy toward own a financial independence. Call or stop by our office for more declaring information your or to schedule ergency fund, containing three to six months’ complimentary portfolio review. Consider taking action soon. review. Call or stop by our office for more information or to schedule a complimentary portfolio Making Sense of Investing. Edward Jones - Making Sense of Investing. Brian Callaway Callaway (Financial Advisor) Financial Advsior a Call or stop by our office Brian for more information or to schedule 863 Suite Flat review. Shoals Suite 300, Conyers, GA 30094 863 Flat Shoals portfolio Road, 300, Road, Conyers, GA 30094 complimentary www.edwardjones.com 770.918.0725 770-918-0725 - www.edwardjones.com A B • OU T M A G A Z I N ES C O NY E R S · O C T O B E R 2 017 SIPC Making Sense Investing. Member SIPC of Member 17