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Episode 17: Where to park your savings
Save first, worry about rate of return later. First work on accumulating your nest egg, building your net worth…then worry about getting investment income. Variation of Mark Twain quote: You should be more concerned about the RETURN OF your principle than the RETURN ON your principle.
So where should you house your nest egg? We discuss: 401k, ROTH, IRA, Bank Account, 529 Education
— Be cautious of investment vehicles that have restrictions or high fees
What asset class should your savings be in? We discuss: Cash, ETFs, Mutual Funds, Stocks, Bonds, Real Estate
— Dollar cost averaging is a savings method…Trading is an investment strategy
—– Trading can be used as a hedge to protect against a market in correction
EVERYTHING involves a RISK…including BONDS !
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Hosted by John Pugliano. For more information visit us at: www.wealthsteading.com or www.investablewealth.com
Copyright © 2014 Investable Wealth, LLC. All rights reserved. This podcast is for informational purposes only and is not intended to be a solicitation, offering advice or recommendation of any security. This podcast does not intend to provide investment, tax or legal advice. The content is strictly the observations and opinions of Investable Wealth, LLC. The information in this podcast is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. Investable Wealth, LLC is an investment advisory firm licensed in the State of Utah.