With Short-Term Goals, Go for a Bird in the Hand

By Kathy Longo, CFP®, CAP®, CDFA

Wednesday, 24 June 2015

With Short-Term Goals, Go for a Bird in the Hand

Carl Richards, Director of Investor Education for the BAM Alliance, posted an article in the New York Times about the importance of not gambling with money you need for your short-term goals.  We want to make sure our clients have enough cash set aside to cover them for the next 2-3 years, even if it means giving up potential investment return. This approach is even more important when our clients start living off of their investment portfolio or have plans for significant near-term expenses. When it comes to your short-term goals, return of your money is more important than return on your money.

This commentary originally appeared on May 26 on NYTimes.com.

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