DON’T OVERLOOK THE CONTRIBUTION LIFE INSURANCE CAN MAKE FOR RETIREMENT Term Life Insurance Immediate cash to cover expenses Tax-free Permanent Life Insurance Can borrow from in retirement Many have imbedded annuitization which can be turned into a guaranteed income stream for life Some policies offer long-term care riders to use for long-term care […]
Action Point
MAKE SURE YOU HAVE A SAFE HAVEN ASSET IN YOUR PORTFOLIO
MAKE SURE YOU HAVE A SAFE HAVEN ASSET IN YOUR PORTFOLIO Gold: A logical choice Universally recognized and traded as safe haven Minerd recommends maximum 5% holding Jean-Marie Eveillard recommends maximum 10% Buying gold is a hassle Alternative is gold ETF SPDR Gold Shares (GLD) iShares Gold Trust (IAU) Watch the related WEALTHTRACK […]
DON’T GET CAUGHT UP IN THE INVESTMENT CRAZE OF THE MOMENT LONG-TERM CRITERIA Risk-Adjusted Returns Does the fund cushion you during market declines? Inflation-Adjusted Returns – Does it protect your purchasing power? Consistency of Investment Style & Discipline Diversification of Holdings Attention to Costs Watch the related WEALTHTRACK episode.
CONSIDER INVESTING IN A SOCIALLY RESPONSIBLE FUND, EITHER ACTIVELY MANAGED OR PASSIVE
CONSIDER INVESTING IN A SOCIALLY RESPONSIBLE FUND, EITHER ACTIVELY MANAGED OR PASSIVE U.S. Socially Responsible Investments in 2016 $8.72 Trillion MORNINGSTAR FAVORITES Calvert Funds Parnassus Funds Parnassus Fund (PARNX) Large growth fund Strong long-term track record PARNX data by YCharts Watch the related WEALTHTRACK episode.
CONSIDER AUTOMATING SOME OF YOUR INVESTMENT DECISIONS
CONSIDER AUTOMATING SOME OF YOUR INVESTMENT DECISIONS Automatic deposits to savings or tax-deferred accounts Setting up a robo-account to automatically invest and rebalance your portfolio Buying a Target Date Fund to prepare for your retirement Automatic Dividend Reinvestment Plans Watch the related WEALTHTRACK episode.
PUT THE POWER OF COMPOUNDING DIVIDENDS TO WORK FOR YOU
PUT THE POWER OF COMPOUNDING DIVIDENDS TO WORK FOR YOU COMPOUNDING POWER Companies with long history of paying and growing dividends “Dividend Aristocrats” S&P 500 companies that have increased annual dividends for at least 25 consecutive years DRIPs: Dividend Reinvestment Plans Automatically reinvest dividends in new shares Popular dividend growing ETFs: SPDR S&P […]