Why You Should Start Thinking About Investments, According to Local Financial Advisor

Friday, October 7, 2016 | 9:27 pm

“People ask ‘when is the best time to invest?’ and the answer really is “when you have the funds available,” said Thomas C. Buckley, LPL Financial Consultant Located at the Pasadena Service Federal Credit Union.

People don’t need to have thousands of dollars set aside to begin the investment process; Buckley suggests starting with money that you don’t think you’ll need for living expenses in the next three or four years. Overall, it pays to start investing early. Setting aside just a few hundred dollars can make an impact and the sooner you get started, the better.

“Over time, the market goes up and the market goes down but the trend is our friend,” he said.

Of course, the market he is referring to is the stock market and, based on the data from Standard & Poor’s index over the last nearly hundred years, the market follows an upward trend. Despite dips like the 2008 financial crisis, the trend suggests growth.

“It’s often hard to get people’s minds on serious long term investments – especially young people – but they should start thinking about investing because they have the advantage of time,” said Buckley.

He explains that if a twenty-something-year-old person invested their latte money; he or she could make significant progress towards their financial goals.

“My favorite way to help clients get started investing is with a diversified portfolio of stocks and bonds that matches their risk tolerance and helps them work toward achieving their financial goals,” he added.

Risk tolerance can be categorized as conservative, moderate or aggressive and there are many combinations of investments and mutual funds that can be tailored to individual preferences.

For conservative to moderate investors, in addition to a diversified conservative portfolio of stocks and bonds, Buckley suggests, if suitable for your situation, FDIC insured products such as market linked CDs which have FDIC-insurance on the principal but must be kept until maturity. Or, various insurance company investments where the principal may be guaranteed by insurance companies, such as annuities.Talk with Tom and learn more about your risk tolerance and investment strategies at Pasadena Service Federal Credit Union.

You can also RSVP for a no cost Lunch and Learn event on Thursday, October 27 from 12-1:30 p.m. Lunch and parking is provided, but space is limited. Call (626) 351-9651 or RSVP by clicking here : The event will be held at PSFCU’s headquarters at 670 N. Rosemead Blvd., Pasadena.

You can visit their website at http://www.mypsfcu.org. You can also stay in touch with them on Facebook, Twitter, and Yelp.

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly.

Investing involves risk, including the loss of principal.

Guarantees are based on the claims paying ability of the issuing company.

Thomas C. Buckley is a Registered Representative with LPL Financial. Securities and advisory services offered through LPL Financial, a Registered Investment Advisor, Member FINRA/SIPC. Insurance products offered through LPL Financial or its licensed affiliates. Pasadena Service Federal Credit Union is not affiliated with LPL Financial.

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