Does your portfolio contain these three qualities of money? How can you create a balanced portfolio? We’ll go through all of it on this episode.
Today we’ll talk about some foundational principles that David’s business and financial security are built on. From his first job in the investment business up until now, David has made sure to balance these three qualities of money.
All investments have these three qualities in varying degrees that make up the acronym, SLY: Safety, liquidity, and yield (or growth). Will you get the money back? When can you get the money back? How much will the money have grown when you get it back? All of those serve as the foundation of the investment choices you have. Unfortunately, you can’t really get all three in the same product.
How do you create a balanced portfolio that includes all three qualities? Where do these investments live? To start, you’ll likely want some cash, whether that’s in a money market, checking, or savings account. These accounts are safe and liquid, but there’s no growth, especially when compared to inflation. What about in stocks, bonds, and mutual funds?
Do annuities provide the solution you’re looking for? How do the different types of annuities work? And how does this pair with the rest of your financial plan? What about real estate? Does real estate provide the qualities you need as a part of your portfolio?
Ultimately, what is your risk tolerance? How will you react when your money is going down in value? It’s not only about how much or what you have, but about how you’ll react? Meeting with an advisor can help you navigate these decisions and make sure you have the right balance of qualities throughout your financial life.
“As you’re putting together your financial life, you’re going to want to strive for some semblance of a balanced portfolio. That doesn’t necessarily mean just your 401(k), it means your financial life.”
– David Dickens
CONTACT US
OUR LOCATION
10975 Grandview Drive
Building 27, Suite 190
Overland Park, KS 66210
Get Directions
CONTACT US
OUR LOCATION
10975 Grandview Drive
Building 27, Suite 190
Overland Park, KS 66210
Get Directions
We are an independent financial services firm helping individuals create retirement strategies using a variety of investment and insurance products to custom suit their needs and objectives.
Advisory Services offered through CreativeOne Wealth, LLC an Investment Advisor.
Investing involves risk, including the potential loss of principal. No investment strategy can guarantee a profit or protect against loss in periods of declining values. None of the information contained on this website shall constitute an offer to sell or solicit any offer to buy a security or any insurance product.
Any references to protection benefits or steady and reliable income streams on this website refer only to fixed insurance products. They do not refer, in any way, to securities or investment advisory products. Annuity guarantees are backed by the financial strength and claims-paying ability of the issuing insurance company. Annuities are insurance products that may be subject to fees, surrender charges and holding periods which vary by insurance company. Annuities are not FDIC insured. Provided content is for overview and informational purposes only and is not intended and should not be relied upon as individualized tax, legal, fiduciary, or investment advice.
The information and opinions contained in any of the material requested from this website are provided by third parties and have been obtained from sources believed to be reliable, but accuracy and completeness cannot be guaranteed. They are given for informational purposes only and are not a solicitation to buy or sell any of the products mentioned. The information is not intended to be used as the sole basis for financial decisions, nor should it be construed as advice designed to meet the particular needs of an individual’s situation.