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.