Bulletproofing your Investments Georgia

When the economy is doing well, it's a common mistake to leave cash for immediate needs in a mutual fund in hopes of making a little more profit before withdrawing funds. Read this article and know more.

Local Companies

Best Bank
678-993-5353
3770 Data Drive
Norcross, GA
John Wieland Homes & Neighborhood
770-703-1692
4125 Atlanta Road, SE
Smyrna, GA
ACEO Capital Group Llc
(770) 396-6833
1915 Spalding Dr
Atlanta, GA
Sprayberry Insurance Agency, Inc.
(678) 654-6984
5905 steeplechase blvd
cumming, GA
RBC Centura Bank
404-495-6949
4855 Briarcliff Road
Altanta, GA
Ameriprise Financial
678-627-0149
1907 Harts Mill Road
Atlanta, GA
BestBank
678-993-5353
2175 Parklake Drive
Atlanta, GA
Branch Banking & Trust Co. (BB&T)
404-442-5043
950 E. Paces Ferry Rd.
Atlanta, GA
Brookhaven Bank 10
404-633-BANK
2987 Clairmont Road, NE
Atlanta, GA
CDC Federal Credit Union
404-325-3270
2301 Parklake Drive, NE
Atlanta, GA

The last time you looked at your 401(k) or other investment portfolio, you probably weren't happy with how the current economic times were affecting the growth of your nest egg. But in slow economic times, should you expect your money to continue to grow, and is there a way to minimize-or even eliminate-losses?

While there isn't a way to bulletproof your investments from short-term loses, you can put a bulletproof vest on your long- and short-term financial goals. How? Through variations of the bucket system.

The bucket system teaches you to include in your investment accounts various types of mutual funds, stocks, bonds and even savings accounts based on when you will need the money and your acceptable risk levels.

For instance, if you know you're going to need money in the next two years for a down payment on a home or for your son's or daughter's college tuition, you want that "bucket" of money to be in safe investments such as a money market account, short-term CDs, short-term bonds or savings accounts, says Peggy Cabannis, president of HC Financial Advisors Inc.

When the economy is doing well, it's a common mistake to leave cash for immediate needs in a mutual fund in hopes of making a little more profit before withdrawing funds.But, Cabannis says, markets turn sour, as they recently have, and you could lose a large chunk of your investments-without having the time to make it back in the future. An example is a mutual fund dropping 10 percent in value when you had $75,000 saved for your new home. You just lost $7,500 of your down payment. But if you'd taken the $75,000 out just three months earlier and put it in a savings account with an annual rate of 2.5 percent, you would have earned $468.75-guaranteed....

Click here to read the rest of the article at SuccessMagazine.com

Featured Local Company

Best Bank

678-993-5353
3770 Data Drive
Norcross, GA
http://www.bestbank.com/

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