TMTW #405 Investing 101- Part 3 of 3

Tax and Money Tip this Week:
Investing 101 Part 3 of 3
October 24, 2018 | No. 405

This week we have a very important tip on investing concepts.

This series is not intended as investment advice, but only a general discussion of investing in the new millennium and in the age of the Internet, High Frequency Trading, and Machines.

Here’s a lesson that the 2008-2009 Great Recession taught a lot of people:

Learn what Liquidity (or have a lot of cash or money markets available) means.  And know where this money exists and have access to it: to pay your bills, meet obligations, and the unexpected.

Classic certified financial planning advice says you should have 9 months of your monthly obligations of cash at a minimum in safe places, easily accessible.  We like to see 12 months of cash reserves.

Questions or Comments? You can add comments on the blog, call 919-847-2981, or visit our web site. We look forward to hearing from you.

Mark Vitek, CPA/PFS, CFP®
…until next week.

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